1.
You are looking for some used furniture for an
upcoming exhibition and find an ad-"Selling some chairs and stuff; price
is non-negotiable." Would this ad fulfill the requirements of an
appropriate offer? What would make this offer more appropriate?
No the example ad is not an appropriate offer because it does
not offer enough specific details. If the ad offered additional information on
the chairs, maybe had accompanying photos, status on condition, add pricing and
possible location of pick up of the chairs would make the offer more
appropriate.
2. Which do you think is the most important of the "common" clauses when creating a contract (e.g. "Whereas", Merger and Integration, Non-Waiver, etc.)? Why?
All
of the clauses are essential to creating a contract. They each add a valuable
part to creating a contract. If I was forced to pick one of them, I would chose
the “Whereas” clause because it clearly spells out parts of the potential
agreement that is being entered.
3. When/why is it advisable to consult a lawyer about a contract?
A
lawyer can always clarify the meaning of the meaning of the rights and legal
conditions that are binding you to the contract. They can protect your legal
interests.
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