Assume That The Elements Of Intention And Consideration Required For The Formation Of A Contract

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Assume that the elements of intention and consideration required for the formation of a contract exist. Using the four-step process, discuss whether the element of agreement required for the formation of a contract can be established. Are Delicious Hamburgers obliged to provide Kyle and George each with a Mazda CX-7? (10 Marks) Step 1- Identify the legal issue The principle (or issue) of law is that in addition to intention and consideration part, there should be a component of agreement between the parties that is vital for a legally enforceable contract to be established. Step 2- Explain the rule of law with reference to relevant authority. There are three main requirements for the creation of a legally enforceable contract, which are intention, agreement and consideration. The component that needs discussion here is whether the element of agreement needed for the formation of a contract can be recognized. Presuming that intention and deed or consideration exists. There are two components of reaching an agreement that are offer and acceptance. Requirements of an offer must satisfy five rules to be valid. First, the transaction must be sufficiently complete. Second, promissory- it is an undertaking of liability. Third, the offer would be projected to result in a contract if accepted. Fourth, it must be addressed to a person or identified group. Finally, an offer expires after a reasonable time, can be withdrawn and lapses in the event of a counter offer (different

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