Question: In the given scenario, there are many contract issues that are arising such as the offer, the formation of contract and acceptance and the effect
In the given scenario, there are many contract issues that are arising such as the offer, the formation of contract and acceptance and the effect of preexisting negotiations. The primary facts and legal principles need to be applied for determining who has a valid claim to the car.
Contract Issues
Acceptance and Offer: An offer is defined as a type of proposal that is made by a party to another showing their willingness of entering in a contract under specified terms Scott & Kraus, Acceptance is the process of agreeing to the offer or the terms of the offeree therefore, developing a contract. In the current scenario, there are many different offers being made and legal importance of each need to be considered.
Consideration: A contact needs to have some considerations something of value that is exchanged between the interested parties. In this case. Levi and Gloria both are offering money, which is the consideration for the care.
Intent to Be Bound: A contract is considered to be walid when there is an intention to crobate legal obligation. It is noted that Gloria is offering and Ievi is accepting which is showing an intent to be bound however the situation becomes complex when considerng whether Victor has validly entered the contract with either of the party or not.
Who Gets the Car
Gloria's Offer: Gloria made an offer for the acre on the windshield, which she considers to be valid once Victor received it As per common law principles, an offer is open until it is accepted, revoked or rejected. However, the offer being made by the Gloria was not accepted immediately Victor. He failed to
Dilution of a famous trademark by portraying it in negative light is called which of the following?
Trade slander
Tarnishment
Blurring
Infringement
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