Thursday, February 17, 2011

How to make sure you get a car?


I attended a session and learn a bit about contracts, or specifically a legal contract..

So according to the speaker, to constitute a contract, there shud be 4 elements,

- Offer
- Acceptance

These 2 forms an agreement, then taking a step further,

- Price of agreement

Meaning there shud be some kind of value exchange on the agreement, such as the most commonly used : deposit

and finally, there should be a "legal consequence" to it...

So the speaker gave these example,

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Case 1:
A sales manager promises to give 30% commision to the sales people on every deal they strike. so the sales team went all out and came back with good sales results and the team manager says: "haha, i was just kidding.."

Offer and Acceptance: Every deal with a comm of 30%
Price: Team went out to sell and got results back

can you sue?
answer: yes

Case 2:
Your dad tells you, "son if u study hard and graduate with 1st class honor, i will buy you a car.." and you say okay, and studied real hard and finally graduated with a 1st class honor.
Then on the convocation day, you ask ur dad, "dad, so where's my car?"
and he says, :"Son, now that u hav grad with such good results, u can surely get a good job and buy ur own car.." gives u a pat and walked away..

Offer and Acceptance: Buy a car if grad with 1st class honor
Price: work hard and got it

can you sue?
answer: no - reason: when he says it, neither expect any legal consequnce to it..

**********

Sometimes, these things are kinda interesting to know...

and the lesson learned: you shud always remember to say this when ur dad promises something, "dad, i will sue u if u dun do it" then it completes the requirement!

4 comments:

  1. Time to make a legal contract with SkyHawk to touch his abs?

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  2. LOL! He nvr even "accept" everytime..

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  3. Hahaha...I can feel someone talking about me even I'm in SFO...I will be sued after you touch me, simply I can't meet Kidz SLA.

    Moreover, disclaimer here..I have no nice abs...just an uncle that Kidz may follow him back when he is drunk, and very drunk. lol...

    Anyway...I shall be back to GMT+8 time zone soon...now in SFO Airport, flying to HK for few days...

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  4. Sky... dun worry.. the SLA can be flexible.. just come and start peeling off.. i wont complain.. =p

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