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Divorces: causes and consequences
Contract law rules
Contract law rules
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College Tuition: A Binding Contract? With the skyrocketing costs of college education — at both state institutions and elite private colleges and universities — the breakdown of cost responsibilities between parents and students is becoming increasingly important, and in certain cases controversial. However, nowhere was it more heated than in a recent case that was resolved by a Connecticut court. In this case, the plaintiff — a twenty-something female student — sued the defendant (her father) over his failure to pay the final year of her college tuition, despite an explicit contract in which he had stated that he would assume all responsibility for her college. This later contract underscored a previous legally binding agreement that the Again, as highlighted above, the offer in this particular setting was the provision of tuition and a range of other associated expenses to the daughter. Acceptance occurs when the second party to the contract agrees to the offer. In this particular case, one could argue that acceptance occurred at one of many points during the process. We would suggest that acceptance happened when the student enrolled at Southern Connecticut State University and accepted the father 's payment of tuition during the first three years of her schooling. Consideration is a third important concept in contract law. In general, consideration references what one party gives to another in exchange for any benefits that he/she may receive. In other words, it is what the parties exchange and the consideration impacts each party 's utility in carrying out their portion of the contract (Lau & Johnson, Although in many cases agreements with minors are regularly deemed to be invalid, obligations in divorce agreements are regularly upheld. Therefore, one could argue that even if the secondary contract was invalid (due to the daughter 's age) the primary contract (in the legally binding divorce agreement) was valid and needed to be enforced. Clearly, a wide range of family issues and dynamics impacted this case. Given that the disagreement ultimately landed in court, one could surmise that there was an underlying degree of contentious following the divorce. Although contracts and contract laws generally try to strip emotions out of business relationships, it is unrealistic in the real world to expect that contracts between individuals with thoughts and feelings will not have a degree of involved
Education comes at a high price for this generation and not just financially. Going to college can give students plenty of debt with no promise of a job in return, which can set a student father back on their course of life. Young adults trying to start their lives by going to college encounter many setbacks. Today the average cost for a private university is $25...
Deciding whether or not you want to attend college is definitely a tough decision that needs to be taken seriously. The financial aspect of college is always the worst and most dreaded part, but it is many times the biggest deciding factor on which school you actually attend. Tuition rates across the United States are completely outrageous, and guess what? They are still continuing to sky rocket. Year by year the cost of college raises by a seemingly small about, but once it all stacks up and the final cost is all calculated up, it may bring you to tears. My question is, are you really getting your money’s worth out of college?
The four elements of a contract are the agreement, the consideration, contractual capacity, and a legal object. The oral agreement between Sam and the chain store satisfies the agreement element of a contract definition because when the chain store offered to sell Sam 's invention at their stores, Sam accepted by agreeing to ship 1000 units in exchange. The second element of a contract, the “consideration of each party,” is satisfied because Sam and the chain store have something to give the other (1000 units of the invention in exchange for the exclusive sales of the product at their stores). The third element is “contractual capacity,” which may or may not be fulfilled since we do not know Sam 's age or whether
In all colleges in the United States, students are required to pay for their classes’ tuition either by themselves, their parents, guardians or a scholarship that they may have. The average tuition fee for an individu...
The critical challenge within in today’s society is that college tuition should be free or if not free, more affordable for all students. Certainly, higher education should not be considered a luxury where only the wealthy could afford, but an opportunity for all caste systems. It must be an accessible and affordable opportunity for all students in order for them to invest in their education. Higher education is important because it provides more careers to choose from than the careers offered without having a college degree. Ultimately, the issue here is whether it is right to make college tuition more affordable for the students.
The increasing cost of higher education in the United States has been a continuing topic for debate in recent decades. American society emphasizes the importance of education after high school, yet the cost of undergraduate and advanced degrees continually rises at a greater rate than inflation. According to the Advisory Committee on Student Financial Assistance, cost factors prevent 48% of college-qualified high school graduates from pursuing further education (McKeon, 2004, p. 45). The current system requires the majority of students to accumulate extensive debt with the expectation that they gain lucrative post-graduate employment to repay their loans.
Steve Cohen shows the disparity between the rising cost of college and a family’s capability to afford it. Cohen explains “Tuition has risen almost 1,200 percent in the last 35 years, and the sticker price for many four-year private colleges and out-of-state public universities exceeds $250,000.” Moreover, he goes on to say that even at public universities, it is about $80,000 for four years for tuition and other college related expenses. Later in his article, Cohen explains how this leaves middle-class families in a very uncomfortable situation. The parents or other money-making entities in the household want their student to go to college and earn a degree, but now there can be an element of stress in figuring out how the fees will be paid for. Furth...
IN CONSIDERATION OF the mutual obligations and benefits described in this Agreement, the sufficiency and receipt of which consideration is hereby acknowledged, the two parties come to an agreement
College tuition is something that parents and students are very concern about. Every year universities raise their tuition. Some parents can’t afford for their children to go to college. Every student wants to experience the college lifestyle. Parents want their kids to have the best education but also want it to be affordable.
Fighting the cost of college tuition is a hot topic these days. As long as I can remember, tuition has always been a reason why most people don 't pursue their bachelor’s or even associate degree. Today 's society has changed students are fighting for grants, financial aid, and even loans to pay through school. In order to be financially comfortable in the 15th century a college education is a must. It is an everyday battle getting financial support from a college’s administration. Colleges need to be more affordable, obtaining funds less stressful, and colleges must enact policies that condone these principles.
A college education has become the expectation for most youth in the United States. Children need a college education to succeed in the global economy. Unfortunately for the majority of Americans the price of an education has become the equivalent to a small house. The steep tuition of a college education has made it an intimidating financial hurdle for middle class families. In 1986-1987 school year the average tuition at a private university was $20,566 (adjusted to 2011 dollars) while in 2011 the average cost was $28,500 for an increase of 38.6%. Similarly in public universities there has been an increase in tuition: in the 1986-1987 school year the average tuition at a public university was $8,454 (adjusted to 2011 dollars) while in 2011 the average cost was actually $20,770 for an increase of 145.7%. Most families who are able to save for college try to do so, therefore their children are not left with large amounts of debt due to loans. Nevertheless, families are only able to save on average around $10,000, which is not enough to pay for a full educ...
Over the last few decades, college tuitions and fees have increased by over one thousand percent, surpassing every category associated with the cost of living including food and medical. This unprecedented rise in cost has resulted in an avalanche of issues for young and middle-age adults. As, a result of steep student loan amounts, graduates are being forced to move back with their parents, fewer young people are becoming homeowners, they are delaying retirement saving, and are dropping out of college at an alarming rate of nearly fifty percent. With all the controversy surrounding the topic of increasing college cost, the revised income-driven repayment program has been created to help borrowers pay back student loans according to their income.
With the rapid growth of college tuition, it has become an important issue in higher education. College Tuition is simply defined as the charge or fee for instruction, at a private school or a college or a university. Most people agree today that college tuition is too high or that it needs to be completely dismissed. There are some however, that may disagree with the claim about college tuition and state that college tuition is necessary for college growth, and it’s primary purpose is to pay for college expenses to support the institution financially. Research shows that college tuition is too high and that debt has become a standard in America after attending post-secondary school.
One of the biggest concerns for many families is how they are going to pay their children's college expenses. In academic year 2002–03, the average total price for full-time undergraduates to attend 4-year institutions—including tuition, fees, room, board, books, supplies, and other education expenses, as estimated by the institutions—was more than $12,800 at public institutions and almost $28,000 at private institutions (College Board 2003a). Over the past decade, inflation-adjusted tuition prices at public and private 4-year colleges and universities jumped nearly 40 percent, while the median income of families with a head of household 45 to 54 years old (those families most likely to have traditional college-age children) rose only 8 percent (College Board 2003b). Such price increases have made it much more difficult for families from nearly all income levels to pay for college. Researchers have, for many years, wondered how...
A contract actually starts when the other party makes an offer (offeror), and then it is accepted by