White Arch Casino Case Study

A contract is just like a promise between people. It can be oral or written, where each party promises to do something for the other person in exchange for a benefit. A contract can be written using informal or formal terms or be entirely verbal or spoken. The contract does not have to be a formal written document. It can also be a verbal agreement. However, for the contract to be valid, it has to have elements that include an offer, consideration, acceptance, contractual capacity, and legality. The elements tend to demonstrate the meeting of minds between parties, which means that the parties do have a common understanding of the material terms of the contract (McKendrick, 2014). It is possible to modify a contract, but only occurs when the parties involved agree to change the terms of the original agreement. For the modification of the contract to be valid, all the parties should agree to the changes. The discharge of a contract is when the parties to the contract are relieved from the contractual obligation under particular conditions. A contract can be discharged by frustration, performance, agreement, and breach. In the case of the White Arch Casino, the contract was valid. Both parties had free consent …show more content…
Deontology tends to use rules in distinguishing right from wrong. Following the ethical approach, the highest good should be both intrinsically good and good without qualification. It follows that there is only one thing, which is truly good and that includes the goodwill selected out of the feeling of moral duty. The actions of WAC from a deontological point were not ethical. From the WACs point of view, its actions were based on consequences. From the deontological view, it tends to violate the basic premise of the theory that is based on goodwill and not the

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