Hilary Oswalt Bus-206 Professor Dixon 6/19/2022 Project 3 Contract Law In the scenario about the pet supply store Friendly Dawgs there was a contract signed for a lease of the building between Lou the landlord and Dave Dawgs late father. A contract is a promise to follow through with a duty that you set forth with another party. For a contract to be valid it must have four elements, the first element is the offer. Lou the landlord offers to rent out his space for $500 a month. Dave Dawgs the renter, had agreed to pay this amount a month for the space. The second element of a contract would be consideration. Lou has an apartment that he wants to rent out for $500 a month. Dave Dawgs is willing to pay Lou the $500 for this space. Since they are both receiving something of value, this is consideration (Kubasek et al., 2020). The third element of a contract is capacity. This is a binding contract that both parties must sign. Both parties must be legal age and have the mental ability to be able to understand his or her own rights when signing the contract. The lease that was signed between Dave's father and Lou, they were both of age when the contract was signed but the scenario does not say anything to their mental compacity.
The fourth and last element to a contract is acceptance. Like I had said in the element of offer, Dave's father had agreed to rent the space for $500 a month. All elements of the lease apply between the Friendly Dawg and Lou the landlord. But in the lease, it does not state that they are allowed to sell live animals. It does state that it is a pet supply store only. Dave is in breach of contract when he decided to start to sell animals. He should have notified Lou before converting the storeroom to house live animals. For Dave to sell animals such as the dangerous snake he would need a permit to sell these types of animals. Dave is also in breach of contract once he stopped paying rent. Lou has obligations to keep up with the air- conditioning. Though it is not his job to take care of the animals he still needs to make sure that the property is in good repair. There was never a contract written up between Jasmine the owner of Sunshine Yoga and Lou the landlord, but a verbal contract was made. There was a mutual agreement between them both. Lou offered Jasmine a place to rent and Jasmine accepted it. Jasmine pays Lou $300 a month for this place. Both parties are of age and in the scenario, there says nothing about their mental compacity. In the case of Jasmine, she is in breach of contract because she had stopped paying rent. Lou has obligations to make sure that the surrounding tenant are quiet, and he also should have known about what kind