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Create a paper that discusses the legal environment of business. Evidence of counteroffers, discussed below, can lead the courts to conclude that the contract has not been fully constituted.

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Create a 8 pages page paper that discusses the legal environment of business. Evidence of counteroffers, discussed below, can lead the courts to conclude that the contract has not been fully constituted.
Once an offer has been accepted the court will expect the offeror to give the promised consideration. If the offeror fails to do this, the court will deem that a breach has occurred, which would entitle the offeree to be able to sue for that breach. Offers can be revoked before the deadline, although if the other party has already started to perform their part of the bargain, the court will generally refuse to allow the offeror to revoke the offer. This might occur in a situation where the offeror is offering a reward for the finding of a lost item.
Where acceptance of an offer is communicated by post, the court will generally hold the acceptance as being valid from the date that the acceptance was posted on. In Adams v Lindsell, the court held that
“Where the circumstances are such that it must have been within the contemplation of the parties that, according to the ordinary usages of mankind,

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  1. Frankie sends a written offer to Lena offering to buy her trailer for $5,000.00 on June 15, 2017. Frankie states that she must accept by mail by June 30, 2017. Lena puts her acceptance in the mail on June 17, 2017 at 3:00 p.m. About an hour later after Lena went to the post office, Frankie sees Lena at the grocery store and says, ” I revoke my offer for the trailer.” What is the status of the contract? There is a contract as Lena accepted the contract when she put her acceptance in the mail. There is no contract as Frankie revoked his offer before acceptance. There is a contract, but only due to promissory estoppel. There is a contr
  2. 1. On May 1,2002, Marek recieved a telegram from Sergei offering to support him in his new construction project. On May 5, 2002, at 9:00 am, Sergei sends Marek a telegram attempting to revoke the offer. At 11:00 am on the sameday, Marek mails Sergei a letter attempting to accept the offer. At 11:30 am, Marek recieves Sergei’s revocation. Assume Marek and Sergei are both construction contractors and the custom in the construction buisness is to offer by telegram and accept by mail. Which of the following statements holds true in this situation? A. Sergei’s revaction can make changes to the contract, though it reaches Marek after he sends the acceptance mail. B. Marek’s acceptance would be effective only when Sergei reads the acceptance, which would the create the contract. C. THe parties would have a contract because Marek used the means of communication impliedly authorized by trade usage. D. The parties would not have a contract as Marek used a nonauthorized means of communicating his acceptance. 2. Which of the following is true about the “Battle of the forms” of the Uniform Commercial Code? A. Timely expression of acceptances creates a contract even if it states additional terms on points the offer did not address. B. Timely expression of acceptances creates a contract only if it includes terms that are identical to those stated in the offer. C. If one of those parties is a merchant, the additional terms in the offeree’s form are included in the agreement. D. A contract is created when the attempted acceptance is expressly conditional on the offeror’s agreement to the terms of the acceptance.
  3. Why might you want to look at a path other than the courts? In negotiation and mediation a middle ground is attempted to be found. Arbitration is more like private court with both parties pleading the case before a neutral third party. Please explain which form you would want to use in each dispute listed below and why. 1. Contract dispute between 2 parties. 2. Insurance claim between one person and their insurance company. 3. Insurance claim between you and someone else’s insurance company. 4. A claim between you and a company over liability for injuries sustained in their store.
  4. Which of the following is a false statement? A. An offer for a unilateral contract generally may be able to be revoked at any time prior to the performance of the requested act. B. Under the objective theory of contracts, the courts will look at the subjective intent of the parties to determine if a contract was formed. C. A contract may be oral and be enforceable. D. The doctrine of quasi-contract attempts to prevent unjust enrichment when no contract actually exists