
Contract Law -Business Law Memo
Contract Law
Camille failed to give the traditional 25% down payment. Following the production of the entire units required, Camille refused to buy the sweaters and hats. In this case scenario, Sonya may seek a legal alternative against Camille. Basing on the Contract Act of 1872, there was contract between Camille and Sonya of producing 500 sweaters and hats. The basic tenets of a contract were observed by both parties. These include offer, acceptance and consideration. From the case, an offer was made when Camille gave a direct order to Sonya to produce the sweaters and hats. Both parties agreed to the terms and conditions of the contract whereby Sonya would make 500 sweaters and hats and sell them to Sonya at $ 100 each which indicates acceptance of the contract. Offer and acceptance indicates that there was mutual assent to the contract. However, what lacked in the contract was a down payment whereby Camille forgot to give the traditional...