Business Law Assignment Essay

The main point for consideration in this situation is whether the sign agreement between Packard and Hewlett constitutes as a turn off that has a juristic relationship, and if so, is Hewlett within his rights to void the established cartel and sell the laptop to the standor with a higher price. The General Principle of Law here would necessitate here that Hewlett and Packard, ar in a contract due to consensus ad idem, in that a meeting of minds must be between the dickens parties to be counted as a contract (Don Mayer, 2011). This contract is enforce adequate to(p) as the following factors are present1)Offer Hewlett had made a bilateral offer to his classmates to sell his laptop at $800/-. This is an offer as the offeror had indicated his blueprint to sell his laptop to any member of his class at $800.2)Acceptance Packard had intelligibly communicated his unconditional acceptance of his offer, thereby closing the offer.3) shape and sound Relations Consideration under the La w is defined as some right, interest, profit or benefit accruing to one party, or some forbearance detriment, loss or responsibility given, suffered or undertaken by the other Currie v Misa (1875) (InBrief Free Legal Information, 2014). Hewlett promised to do the transaction of the laptop tomorrow after he transferred his data in the laptop and Packard agreed. This is executory consideration and shows that due consideration has been done on the part of the promisee. Legal relations are thus alike created.They are thus in a legally binding contract and both party can sue should there be a breach. Hewlett is non able to revoke his offer once accepted even if person were to offer him a higher price for the laptop. However, Hewlett sold his laptop to Compac for $1000, discharging his contract with Packard by Breach. Hewlett has by his own act disabled himself from performing the contract and Packard can thusbring action against him for the Breach of Contract. The Principle guiding this was established in Synge v Synge (1894). Recommendation and ConclusionIn conclusion, Packard is able to bring action against Hewlett for selling the laptop to Compac even after an initial contract was established with Packard. He is able to sue under fell of Contract by Breach and the Court will likely cue possession of the laptop back to Packard after Packard pays Hewlett the $800 as agreed. Hewlett will also have to refund Compac his $1000.