law

TORT LAW

Tort Law : Cases , applications and defense (Name (School /University (Instructor /Professor (Date

Contracts

In the traditional settings for contracts to be enforced , there are two factors to be considered for a contract to be considered legally binding . One , the parties in the contract agree to the provisions and terms of the contract . Two , there must be the establishment that items of value has been exchanged , such as monetary compensation , services or items , or in the case of Tim and Greg , an agreement or promise to purchase or exchange for

an item in exchange for another item of value in this case , cash for the stereo set . Since Tim agreed to buy the stereo , Tim and Greg had a binding contract (Timothy Morgan , 2010

As the first question has established the fact that there indeed exists a binding and enforceable contract , as the facts have sufficiently met all the requirements that a contract does exist between Greg and Tim With regards as to whether Greg is bound to include the collection , the statute states that he is not he is only bound as to the item that he offered to Tim . In employing defenses to the enforcement of a contract Tim must prove that there was either the presence of coercion , threats duress and undue influence on the part of Greg . But Tim can use the defense of undue influence in the enforcement of the contract . As Greg has been described as one whom Tim highly regards , his neighbor...