Nobody downloaded yet

Business Law - Essay Example

Comments (0) Cite this document
Summary
Business law outlines rights and obligations in business relations. This paper seeks to explore a legal situation in termination of a partnership.
In a case, Hylton and Meztista, partners…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.8% of users find it useful
Business Law
Read TextPreview

Extract of sample
"Business Law"

Download file to see previous pages Meztista then offered a 50 percent share, based on the accounts, and Hylton accepted with a written reservation. Hylton has since filed a suit while Meztista claims that accord and acceptance relinquished rights to such claims.
The legal position of the case lies in the legal principle of termination of a contract. Under termination by parties’ agreement, accord and satisfaction legally discharge parties of their obligations in a contract. Goldman and Sigismond define accord and satisfaction as a party’s decision to accept a lesser consideration to an original agreement followed by an actual execution of such acceptance. Accord and satisfaction therefore sets aside previous provisions of a contract (Goldman and Sigismond, p. 216, 217).
The best argument for this case is that the parties’ obligations in the partnership were discharged by accord and satisfaction. Meztista is likely to win under this argument because Hylton relinquished legal rights by accepting the lesser payment to discharge the partnership ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Business Law Essay Example | Topics and Well Written Essays - 250 words - 12”, n.d.)
Retrieved from https://studentshare.org/law/1598055-business-law
(Business Law Essay Example | Topics and Well Written Essays - 250 Words - 12)
https://studentshare.org/law/1598055-business-law.
“Business Law Essay Example | Topics and Well Written Essays - 250 Words - 12”, n.d. https://studentshare.org/law/1598055-business-law.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Business Law
“There was a proposal by one party, and assented to in the same terms by the other party” (Oughton and Davis 24). Thus, there was a binding contract created by the offer made by Smunt and acceptance by Roginsky. In the case of Smunt, such offer became valid because prior to the acceptance, he had the intention to be bound by such contract.
3 Pages(750 words)Essay
Business Law - land law
Upon requesting Hill Bob to leave the land, Hill Bob stated that he had squatter's rights. "Adverse possession is the taking of title to real estate by possessing it for a certain period of time. Title means ownership of real estate. The person claiming title to real estate by adverse possession must have actual possession of it that is open, notorious, exclusive and adverse to the claims of other persons to the title.
3 Pages(750 words)Case Study
BUSINESS LAW
It can also try either way-cases – cases which can be tried either in the magistrates’ courts or in crown courts. The magistrates are staffed by either lay magistrates or professional district
4 Pages(1000 words)Essay
Business Law
The increase in price is justified obviously because none of the hoteliers, except Brad, object to the price increase. The likelihood of any consumer backing off or refusing to pay the new rates is minimal because Port
2 Pages(500 words)Essay
Business Law
o be considered as the first source of English Law because its decisions and case law conclusions are binding in all courts below it in the hierarchy (Kelley and Holmes, 1997). House of Lords is considered to be the last resort in the UK. Kelley and Holmes (1997) argued that it
4 Pages(1000 words)Essay
Business law
In this case, material facts refer to information, which, if known, would make a difference on the decision made by a party in an agreement (Clarkson, Miller and
1 Pages(250 words)Essay
Business law
Gharar refers to uncertainty or a perilous condition that is illegal under Islamic law. As a result, no damages can be awarded for breach of a contract in which a party took risks. The law therefore limits damages by the extent of the taken risk
2 Pages(500 words)Essay
Business Law
This is because inclusion of the furniture is not part of the definite terms enlisted in the final contract. The contract also
1 Pages(250 words)Essay
Business law
Upon notification by the waiter, the defendant paid in cash all the accrued debt and later on development of complication from the frustration, sued for damages and compensation. The card was to secure
1 Pages(250 words)Essay
Business law
The court is likely to dismiss Price’s claims because of various legal concepts that invalidate his contract with the parties and even undermine possible claim from their dealings in the drug. A contract is only valid if its
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Let us find you another Essay on topic Business Law for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us