Legally binding contract
Legally binding contract Assume that you are in Week 5 of your Legal Environment and Contract Law class at Peru State College.? Your professor posts the following message on the discussion board: ? ?Dear Students, I would like to see each of you do well in this course and complete it successfully.? To give you additional incentive, I promise to pay $100 to every student who earns an A grade for the course.? After all grades are posted, I will send a money order in the amount of $100 to the home addresses of those students who have earned an A. Please be sure to provide your home address on your final exam paper, so that I can send you the $100 I have promised.? Good luck!? Work hard in this course! Sincerely, Your Professor? ? Assume that you earn an A in the course, but you have never received the $100 you expected.? When you email your professor about it, she says that it was not a legally binding contract and that you cannot enforce the payment of the $100. Choose the side of the student or the professor and make the most convincing argument you can about why the $100 payment is or is not legally enforceable.? Remember to consider all of the elements of a legally binding contract and consider whether they are or are not all present in this scenario. Let the arguments begin! ? ? ? ? ? ? ? ? Answer Preview Requirements of a legally binding contact ?For a contact to be considered as legally binding, it must abide to all the elements of a contract. There are four elements that should be adhered to in making of a legally binding contract. These are; an offer, acceptance of the offer, an intent for legal consequences and consideration.? The case of the tutor and students obeys all the four elements of a legally binding contract and therefore, the tutor is bound to keep the promise and. APA 361 Words
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