Law 531 Week 4 Signature Assignment Contract Formation And Property

Contract Formation and PropertyNameTutor’s Name14/11/2016Review of cellphone service contractIn this paper we review a cell phone service contract in respect of the elements necessary to form the contract and how selected portions of the contract apply within a business setting. The paper summarizes potential legal defenses available to contract formation, evaluates the remedies available for breach of the contract and examines how the contract deals with intellectual property issues.The requisite elements necessary to form a contract with the cellphone companyA valid contract must have the following six featuresOfferAcceptanceConsiderationMutuality of considerationCapacity/competenceMust writtenA valid cellphone service contract must have an element of offer for cellphone services to another party to accept to enter into a contract. The company entices customers to enter a contract with them by advertising the features and rates of their service. It is necessary that the customer accept the offer and agree to enter into the contract. Offer acceptance is through service contract form, normally executed by a signature on the contract form. In order for the contract to be valid there must be consideration. The consideration is in the form cash or an undertaking to settle cellphone bills when