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Contracts

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Contracts
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  • Slide: 1
  • TODAY'S LESSON: INVALID CONTRACTS
  • Well actually, your verbal agreement is an invalid contract because you are both under the age of 18. It is unable to be legally-binding
  • Deal!
  • Slide: 2
  • I will sell you this car for $5,000 if you sign this contract
  • Deal. I will sign the paper. I would like a copy of the contract as proof too.
  • This is a valid control because both parties are over the age of 18, making the contract legal. They also have proper documentation and proof
  • TODAY'S LESSON: VALID CONTRACTS
  • Slide: 3
  • Although communication was not clear, the contract clearly stated in fine-print that the car would be in ownership for only 5 days, meaning the Offeree will be required to pay any excess days as interest
  • I hereby allow John Smith to own Dorothy Emmit's car for a price of $5,000. It will remain in his ownership.DISCLAIMER: Period of ownership only lasts 5 days before having to go back into the ownership of Dorothy Emmit. Everyday the car is kept within ownership of John Smith, he will be required to pay $200 for every extra day
  • TODAY'S LESSON: UNETHICAL YET LEGAL CONTRACT
  • Slide: 0
  • If I give you 5 dollars, you must protect me from any threats for the rest of the year.
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