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Law of contract  

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LAW OF CONTRACT The scenario, which we have before us consists of many legal contractual principles that I am going to analyze. The first issue we must consider is, whether a valid contract had been made between Julie Waters and Cheapskate Film Company, and what makes a valid contract. Firstly we must establish whether an agreement had existed between the parties, and clearly we can see it had, because one party (the offeror - Cheapskate Film Company) had made an offer and the other party (the offeree - Julie Waters) had accepted it. And so a valid contract had been formed on the basis of the classical analysis approach that an Offer + Acceptance = Agreement. Now that we have acknowledged an agreement had been made, we can now move on to whether Julie Waters is entitled to claim from Cheapskate Film Company or not. Julie Waters I believe is entitled...

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