Aspects of Contract and Negligence for Business - An Evaluation Assignment - 1

Aspects of Contract and Negligence for Business - An Evaluation - appointment ExampleFrom the same case overview, it can be comprehended that the case is related to contract law. in that location argon certain elements that are identified to be essential for the formulation of a valid contract. The quatern essential elements that are essential for a valid contract are offered along with acceptance, statutory considerations, legal purpose and legal capacity. In this respect, a contract to be valid is required to have the aforementioned factors under consideration. Moreover, the elements of a contract are required to comply with the objective of ensuring that the contract is lawfully accredited (Marson, 2013). In relation to the case provided, it can be affirmed that Peter has not entered into a legally recognized valid contract, which implies that he is not liable to force the company in selling the reaping that has been advertised. Thus, Peter cannot force the company to provi de the product at the price of ?1. It can also be affirmed relating to the case that the advertisement made by the company is just a mere invitation. accord to the contract law, the advertisements that make by the companies in relation to a product or service are often related to the notion of invitation to treat. Invitation to treat is identified as an expression along with a willingness to develop or enter into a contract with another individual. Moreover, the invitation should be made with appropriate cost as well as conditions with the objective of ensuring that the offer made by the offeror is accepted by an offeree. Contextually, an invitation to treat is not identified as an offer but it is recognized as a approach procedure. In this regard, an invitation to treat is not a necessary procedure for developing an agreement as the offeror making the invitation to treat capable of forming a valid contract. Invitation to treat is generally used by businesses to advance sales fi gures and attract customers through advertisements and auctions among others (Marson, 2013)