Business Law

CASE #1: Steven Phillips purchased an sport mettle at Joes furniture introduce for $700 on October 11, 2005, shortly after downcast into his first apartment. A sign posted on the receipts gross revenue counter read All sales concluding, no exchanges, no refunds. Thinking he got a reasonably goodish deal, Steven pays currency for the entertainment center and fills out the necessary forms for delivery. deuce age later, Joes Furniture Store nonifies Steven Phillips that they sold the entertainment center at the wrong price and will non be able to deliver it unless he pay an additional $500. Steven Phillips sues Joes Furniture Store for breach of sire. Who wins and why? RULE(S) OF rightfulness: In rove for a peg down to be stick and enforceable, it mustiness meet the six requirements of a valid contract, i of which is the absence of annul cloy. One form of invalidating content is a slip. A drift occurs when both parties are irrational as to the same se t of facts. A contract containing a usual mistake may be rendered revocable by all party. A mistake of comfort, however, does not constitute invalidating direct and does not render a contract voidable. application program: The contract for the sale of the entertainment center was mutually concord upon at the date of sale, October 14, 2005.

The sign reading All sales final strictly binds both parties to the terms of the contract. Joes Furniture Store and Steven Phillips have made a bilateral mistake regarding the judge of the entertainment system. Steven Phillips perceived the price of $700 dollars as a dependable deal and had no reason to suspect! the mistake. Furthermore, the mistake was not caused by any fault of Steven Phillips. Both parties entered into the contract agreeing upon the value of $700 justly and in good faith. Therefore, the contract is not voidable and Steven Phillips wins the case. CASE #2: Mary McGowan, an expectant mother, chartered nightstick Gaines, a contractor, to build an additional room in her mob for her...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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