Explain the meaning of intention to enter into a legal relationship as one of the essential requirements
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Explain the meaning of intention to enter into a legal relationship as one of the essential requirements of a valid contract. Annie works as a graphic designer. She agreed with Chris, her father, that for a sum of $5,000, she would prepare a series of promotional poster advertising Chris’s business. Annie prepared the posters and they were duly used by Chris. However, he has now refused to pay for them, arguing that because of the close family relationship with Annie, their agreement was not contractually binding.
Related Book For
Introduction to Derivatives and Risk Management
ISBN: 978-1305104969
10th edition
Authors: Don M. Chance
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