Contract Case Study
Scenario
Jannah the buyer and Grace the seller of a clothing stall. Jannah wanted to buy 50 t-shirts of each 5 designs and colors she has chosen which are Blue, Red, Yellow, Green and White for an event that she has prepared, but since the stall didn’t have enough stock of the t-shirts Jannah ordered 250 t-shirts of different designs. Jannah and Grace made a contract wherein the t-shirts can be delivered in a later date.
The contract was made on August 23’ 2016 and the date set for the t-shirts to be delivered is on August 28’ 2016. The contract was made by Jannah the buyer because she has a upcoming event which will be on September 1’2016 so in preparation she needs it 3 days ahead before the event to distribute and check if there aren’t any mistakes in sizes. So therefore, Grace the seller agreed that she would deliver the requested t-shirts to Jannah the buyer in the stated date in the contract.
What is a contract?
First of all, a contract is an agreement between two or more parties which are the offeror and offeree that have mutual obligations and is enforceable by law. Without a contract, no legal agreements can be made in a business. …show more content…
It exists because without a contract, no business can be legally agreed or made. For example, the offeror wants to develop a new product to the business but a contract must be made first to legally release the product to the public. Therefore, the offeror makes a contract to the offeree to release the product to ensure that the product is legal and agreed by the Court and is abide by the regulations and is safe from any risks. If the product was released without any contract or agreement by the Court, this can cause a huge case file to the offeror and can be imprisoned by releasing a product
Jannah the buyer and Grace the seller of a clothing stall. Jannah wanted to buy 50 t-shirts of each 5 designs and colors she has chosen which are Blue, Red, Yellow, Green and White for an event that she has prepared, but since the stall didn’t have enough stock of the t-shirts Jannah ordered 250 t-shirts of different designs. Jannah and Grace made a contract wherein the t-shirts can be delivered in a later date.
The contract was made on August 23’ 2016 and the date set for the t-shirts to be delivered is on August 28’ 2016. The contract was made by Jannah the buyer because she has a upcoming event which will be on September 1’2016 so in preparation she needs it 3 days ahead before the event to distribute and check if there aren’t any mistakes in sizes. So therefore, Grace the seller agreed that she would deliver the requested t-shirts to Jannah the buyer in the stated date in the contract.
What is a contract?
First of all, a contract is an agreement between two or more parties which are the offeror and offeree that have mutual obligations and is enforceable by law. Without a contract, no legal agreements can be made in a business. …show more content…
It exists because without a contract, no business can be legally agreed or made. For example, the offeror wants to develop a new product to the business but a contract must be made first to legally release the product to the public. Therefore, the offeror makes a contract to the offeree to release the product to ensure that the product is legal and agreed by the Court and is abide by the regulations and is safe from any risks. If the product was released without any contract or agreement by the Court, this can cause a huge case file to the offeror and can be imprisoned by releasing a product