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Posted: August 15th, 2022

The document (ticket) in this case is a contract

Business Law
The document (ticket) in this case is a contract. This is because it fulfils various elements of a contract. An offer is present. The ticket license proposes an arrangement to the offeree, i.e., it offers the offeree the license to park his/her vehicle. Furthermore, it provides definite terms of the service offered. An acceptance is also present. In general, acceptance is said to have taken effect once the offeree communicates it to the offerer (Stone, 2005). In this case, the mere act of purchasing the ticket implies acceptance to its terms and condition. There is consideration. This is the 3rd component of a valid contract, and it denotes to a benefit like money, that each of the party gets from the other. In this scenario, the ticket holder has given out money in order to receive the ticket and thus get the permission to park his automobile.
Competence is present as well. Competence refers to the ability of a party to enter into a contract; in this regard, a party must at least have attained 18 years old, and be of sound mind (Burton, 2009). The party holder of the ticket is an adult. This is demonstrated by the mere fact of owning a vehicle. The ticket meets the mutual consent threshold. Overall, the law presumes that a competent party freely agrees to a contract (Levine, 2012). In this case, the ticket holder freely agreed to purchase the ticket to get the parking service. The legality threshold is also met. According to this component, a contract is perceived to be enforceable if the activity is legal. The transaction that takes place here is legal as its involves the selling of a ticket license

References
Burton, S. J. (2009). Elements of Contract Interpretation. Oxford, England: Oxford
University Press on Demand.
Levine, S. (2012). The Book of Agreement: 10 Essential Elements for Getting the Results
You Want. Oakland, CA: Berrett-Koehler Publishers.
Stone, R. (2015). The Modern Law of Contract. London, England: Psychology Press.

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