Six elements of a contract cartoon

Six elements of a contract cartoon

Storyboard Text

  • Offer- A proposal made by one party (the offeror) to another party (the offeree) indicating a willingness to enter a contract
  • Let me think about it
  • I will give you these earrings for $100, that's $50 less than what they were.
  • Acceptance- The agreement of the offeree to be bound by the terms of the offer.
  • I will give you your pay including a $10 discount for working here.
  • Really, ok ill come back and work for you.
  • I will give you 4k for that car.
  • Genuine Agreement- Offer and acceptance go together to create genuine agreement, or a meeting of the minds.
  • Well the car does look brand new. Alright that's a good deal! ill buy it.
  • The car is in very good condition and looks brand new. How about give me 5k and I will also give you a new set of tires?
  • Capacity- the legal ability to enter a contract.
  • Ok, Shoot!
  • Nope! I am all clear
  • Before you sign this contract, I need to know if you have legal ability.
  • just let me know if your any of these...Are you a Minor, are you Mentally Incompetent or Drugged or drunk individual?
  • Ok, The contract has been written out all you need to do is sign it and make sure you read it thoroughly so we have complications.
  • Legality- Parties are not allowed to enforce contracts that involve illegal acts.
  • Ok, Lets do this!
  • Consideration- the exchange of things of value. (Both parties need to promise something)
  • So, if I do go with this new job offer, I get better pay and benefits?
  • Of course! I promise.
  • Yes, That's right and in exchange my business grows more with future opportunities, but only if promise to be excellent at your job.
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