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Is an eBay auction a legally-binding contract

Case Analysis whether eBay auction a legally-binding contract

eBay is one of the biggest online auctioning companies in the world. Buyers and sellers of all types are able to hop online, put up something for sale, and sell it! Basically, the way it works is that you find something you want to bid on, place a bid on it, and wait to see if your bid wins. If it does, you send your information to the seller, and in return, he or she sends you your goods.

Is an eBay auction a legally-binding contract? In at least two pages in length, consider whether a bid placed in an online auction on eBay is legally binding and, therefore, enforceable. Explain your reasoning using the rules of contract analysis that you have learned thus far, including valid offer, valid acceptance, and the various forms of consideration. Include an introduction in your paper.

One source is required for your paper. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary.


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Is an E-BAY Auction Legally Binding?

Student’s Name

Institution

Introduction

A contract is a fundamental part of any business dealing whether online or not. Contracts are relationships between two or more business entities that are legally binding and enforceable by law such that in case of any breach of contract, the injured entity can seek damages legally. Additionally, the party that breaches the contract must compensate the injured party in a way that makes them whole again. However, the terms of any contract are only binding to the parties involved and not on anyone else. Moreover, there exist external legal restrictions by the government that limits the creation of some contracts that may lead to a violation of various laws eg minimum wage laws. Furthermore, there are other internal limitations to contracts such as non-competing clauses that ensure one would not work in a similar capacity for a certain amount of time and location as their current contract stipulations. E-bay auction involves placing items online…………………………………………………………………………………………………

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Business Law IBreach of Contract


Johnny, a neighbor who is not a merchant under the Uniform Commercial Code, offers to buy a car from Mark for $30,000.   Mark asks Johnny for some time to think about it. Johnny says sure. He writes on a piece of paper that he will keep the offer open for two weeks.  A week later Johnny sees another car he would rather buy. He purchases that, and then he tells Mark that he is revoking his offer. Two days after that Mark said: “I’m sorry Johnny you made an offer in writing to buy my car. I’m going to hold you to that.”   Johnny replied: “Sorry I cannot do that.  But I will promise to pay you $10,000 for the help you gave me last year around the house.”   Somewhat mollified Mark accepts. A week later and Johnny decided to renege on that promise as well. Fed up, Mark sued Johnny for breach of contract on both the promise to buy the car and the promise for the $10,000.
    Discuss whether the elements of a contract are satisfied in this case.

The requirements below must be met for your paper to be accepted and graded:  
    Write between 500 – 750 words (approximately 2 – 3 pages) using Microsoft Word.    Attempt APA style, see example below.    Use font size 12 and 1” margins.    Include cover page and reference page.    At least 60% of your paper must be original content/writing.    No more than 40% of your content/information may come from references.    Use at least two references from outside the course material, preferably from EBSCOhost.  Text book, lectures, and other materials in the course may be used, but are not counted toward the two reference requirement.

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Business Law: Breach of Contract

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(Date)

Business Contract: The Case of Johnny and Mark

            A contract can be defined as an agreement between two or more people, which must be enforceable legally (Renouf, 2008). When two or more parties enter into a contract, it must satisfy a number of elements if such a contract is to be valid and enforceable in the court of law. A valid contract must consist of an offer, consideration, legal capacity and unconditional acceptance (Stone & Richard, 2009). The following is an analysis of the elements of the contract between Johnny and Mark.

The Elements of a Contract in the Case A valid contract must consist of an offer being made and an unconditional acceptance of the same. This should be done with good faith and without any intimidation or deceit. An offer occurs when an individual makes a promise to provide a service or to sell/buy a service/product/property (Stone & Richard, 2009). In the Case of Johnny and Mark, an offer was made when Johnny offered to buy a car from Mark for $……………………………………..……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………….

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Is an eBay auction a legally-binding contract?

Case Analysis
eBay is one of the biggest online auctioning companies in the world. Buyers and sellers of all types are able to hop online, put up something for sale, and sell it! Basically, the way it works is that you find something you want to bid on, place a bid on it, and wait to see if your bid wins. If it does, you send your information to the seller, and in return, he or she sends you your goods.

Is an eBay auction a legally-binding contract? In at least two pages in length, consider whether a bid placed in an online auction on eBay is legally binding and, therefore, enforceable. Explain your reasoning using the rules of contract analysis that you have learned thus far, including valid offer, valid acceptance, and the various forms of consideration. Include an introduction in your paper.

One source is required for your paper. Adhere to APA Style when creating citations and references for this assignment. APA formatting, however, is not necessary.

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Organizations contract or hire individuals with specific skills to conduct internal audits.

Respond to the following in a minimum of 175 words: 

Organizations contract or hire individuals with specific skills to conduct internal audits. This is done to ensure their organizations are following their documented policies, procedures, and processes. In addition, federal mandates placed on organizations require continuous audits, leading organizations to contract outside auditors to work with their internal auditors and determine the health of the organization.

Identify the internal and external processes used by auditors for the organization you choose.