Business Law Written Assignment Research Paper Example | Topics and Well Written Essays - 500 words

Business Law Written Assignment - Research Paper Example An offer Is made with respect to the monetary value and a counter offer is made in return to the offer. The present facts of the case pertains to a minor entering into a contract, since any person below the age of 18years is a minor and cannot take part in a contract. Since Ty is below the age of 18 years, Roes are entitled to disaffirm Ty’s â€Å"agreement† to sell the Van-Damm artwork to Rem, obtaining the artwork back from Rem. According to the commercial lease code, every lease document has to be in signing since it is a document of contract and therefore to invoke any legal action such document must be in written format. Rem cannot invoke his rights of lease until and unless his lease is signed with the parties. Without having signed the lease agreement, he has not become party to such contract and therefore it cannot be ascertained whether he considered entering into the contract or not. The clause to terminate the document is not improper and does not curtail the rights of the individual. Every individual is given a right to exit the contract which is mentioned within the terms of the contract and such right is part and parcel of the existing structure of the contract. No, Rem would not win as there is no written agreement which has been signed between the parties. Since there is no written agreement between the parties it would be impossible to ascertain whether such a contract existed, and therefore it is impossible for Rem to prove such a fact before the court of law. If Rem were to sue Ms. Relief to enforce the terms of the Commercial Lease document (Exhibit â€Å"A†, attached) to allow Rem to lease the Beverly Hills space for his Van-Damm exhibition, would Rem