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Business Law
Issue:
Relevant law:
Contractual rights usually involve business matters, including the provision of products and
services however, they can also involve other types of subject matter. This will result in the
recording of both on assets and revenue in the future when the terms of those contracts or
agreement are being met in order words it must be binding in renessa’s and Kacy case.
Analysis:
In renessa’s case she did not agree to Kacy paying half of the 10 thousands, therefore Kacy
does not have a contractual rights. In order to have contractual rights both parties have to agree
Kacy also did not agree on the given day and accepted the offer the next day so we basically
can state at this point that both parties did not agree. Renessa gave her offer on a specific date, it
was binding for that date, selling it after was the right of the owner because she also stated a
specific price.
Renessa did not confirm Kacy offer so she didn’t know if she agreed or not even though
renessa has the right to her art collection because she is the answer, both did not deal with the
situation correctly.
Conclusion :
Due to the fact that the situation was not dealt with properly, Kacy believes she has
contractual rights to some silence means consent, so Renessa’s silence to Kacy meant she agreed
to Kacys terms. Renessa on the other hand can argue that her silence means she did not consider
nor confirm kacy’s bid and she is not obligated to any contract.
2. Advise Mya
Issue:
Relevant law:
A past promise or act which forms the basis of a future promise. It is consideration that has
already flowed from the promise act or forbearance predates the promisor’s promise.
Analysis:
In Mya’s case, Mya purchased a Michael Kors watch from Antonio for 350.00 including a 1
year warranty therefore the warranty covers for the watch experiencing some issue.
Antonio has breached the contract between him and Mya by not giving the refund because
when Mya bought the Michael kors watch it came with ah one year warranty and it has only been
I will advise Mya to take Antonio to court because he made a one year warranty after she
purchase the Michael kors watch and not before she bought it. He didn’t tell her that the watch
has little problem before he sold the watch to Mya. She have the right to get ah refund from
Conclusion:
In conclusion we strongly advise Mya to sue Antonio because he breaches their contract.
Antonio stated to Mya when purchasing the watch that she gets a one year warranty and the year
is not up as yet therefore Mya has the right to get a refund.