Archive: September, 2010

Companies – What Are They Are?

Depending on where you are in the world you can always identify a company because it will normally have the words “limited” or “Inc” after its title.
But what is a company and why are they important? A company is an entity which has its own legal personality. What this means is that in the eyes [...]

Workers' Compensation in New Jersey

You got hurt on the job, but you were denied workers compensation benefits. And as far as you can tell, the employer seems to be on the up and up, but you still have a feeling they have done something to deny you your benefits. You need that money, because while you’re not working due [...]

Counter Offers – What Are They?

For a contract to exist there must be an offer and there must be an acceptance of that offer. These are the fundamental principles of contract law.
Once the offer has been made, and provided that there was an intention to create legal relations and valuable consideration was given on the contract, then as long as [...]

Contract And Making Offers

For contracts to exist there are four major elements which must be satisfied.
1. There must be an offer2. There must be an acceptance of an offer3. There must be valuable consideration passing between the parties of the contract4. There must be an intention between the parties to create a legally binding agreement which will be [...]

The 4 Main Elements Of A Contract

A contract is simply a binding promise between parties which a court will enforce if not carried out. Contracts are essential for modern life. Without them commerce could not happen as people could not rely on the promises of another if anybody could just pull out of their commitments at any time.
So how are contracts [...]

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