De Anza College Raymond Barrows vs Glenn Bowen Essay

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Business Finance

De Anza College Community Education

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chose 3 essay question from the following document and write there facts issues decision and reasoning . Your essay format needs to be the same format as 1-6a Analyzing a Case example shown on textbook page 13 with "Facts, Issue, Decision, Reasoning".

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January 4, a postal worker gets the letter out of the mailbox and takes it to the post office. On January 5, the letter arrives in Many's mailbox. When (if ever)  was a contracted formed? 

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Explanation & Answer

Attached.

OUTLINE
1. Facts
2. Issue
3. Decision
4. Reason
5. Reference


Running head: LAW

1

Raymond Barrows vs. Glenn Bowen
Name:
Institutional Affiliation:
Instructor:
Date:

LAW

2
Essay Question 1

Facts: “Raymond Barrows owned a 17-acre parcel of undeveloped land in Seaford, Delaware.
For most of his life, Mr. Barrows had been an astute and successful businessman, but by the time
he was 85 years old, he had been diagnosed as “very senile and confused 90 percent of the time.”
Glenn Bowen offered to buy the land. Barrows had no idea of its value, so Bowen had it
appraised by a friend, who said it was worth $50,000. Bowen drew up a contract, which Barrows
signed. In the settlement, Barrows agreed to sell the land for $45, 000, of which Bowen would
pay $100 at the time of closing; the remaining $44,900 was due whenever Bowen developed the
land and sold it. There was no time limit on Bowen’s right to develop the land, not any interest
due on the second payment.”
Issue: Is Mr. Barrows’ current condition affecting his business decision? Is the contract drawn
by Bowen and signed by Barrows valid?
Decision: Yes. Barrows’ current mental condition affects his business decision because initially,
he was a smart and successful business person who would make wise choices. No. the contract is
not valid because for a deal to be lawfully binding, all the elements must get achieved.
Reasoning: First and foremost, for the plaintiff to win an allegation of contract validity, he or
she must prove the essential elements of a legally binding contract. The state and the federal laws
require the contracts to get appropriately implemented for them to become legally binding.
Furthermore, for any deal to get considered lawfully binding, it must meet all the necessary
elements making up a valid agreement. However, if one of these elements gets not achieved by
either of the involved parties, it becomes void and then cancelled (Schneider, 2019). These
elements incorporate an offer, which particularly specifies details precisely what will get

LAW

3

provided. There is also an acceptance that gets considered as the agreement by one party to the
presented offer.
Thirdly, there must also be a consideration, which entails money exchanged amongst the
involved parties (Schneider, 2019). There must ...


Anonymous
Just what I needed…Fantastic!

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