My Personal Experience with Contracts - 825 Words

A contract is a legal agreement in which two or more parties agree to a trade of goods and/or services through a bilateral or unilateral exchange. People are constantly entering into contracts, and while both parties usually fulfill them, there are instances in which one or more of the parties renege and there is a breach of contract. In order for a contract to be legally enforceable there must be five key elements that are fulfilled: offer, acceptance, mutuality of obligation, consideration, and competency. While I have entered into several contracts throughout my life, there is one in particular that did not have the results I expected, which ultimately resulted in a breach. In order for a contract to be enforceable there must first be an offer, which can be defined as an expression of willingness to contract on certain terms, made with the intention that [the terms] shall become binding as soon as it is accepted by the person to whom it is addressed (Treitel, 2007). While statione d in Germany, I saw an advertisement in which Coralis Harper Oil Painting Services was offering to transform photographs into oil paintings on canvas in a variety of sizes. Based on the services being offered by Coralis Harper, the owner of the company, I believed that she was qualified to transform an original photograph of my son and daughter into an oil painting on a 24x30 inch canvas. Based on the terms outlined by Coralis Harper, I erroneously believed that we had fulfilled theShow MoreRelatedMy Personal Code Of Ethic969 Words   |  4 PagesMy Personal Code of Ethic Personal ethic is what a person believes about morality and right and wrong. Ethic should and can give real and practical guidance to our lives: gives our best rational interests and without sacrificing others. My family, friends, and education have played profound roles in the development of my personal ethic: conscience, personal integrity, responsibility, and egalitarianism. 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