Kwaku Issaka is a 14-year boy from a wealthy home. On 21st May 2021, Kwaku Issaka entered a shop in Accra to purchase the following items: PlayStation 5 iPhone 13 Three pairs of men’s formal shoes made by Alexander   Kwaku Issaka did not have enough money to pay for all the items at once. He, therefore, entered into an agreement with the shop owner, Mr. Boateng, to pay the outstanding amount owed in five installments. However, after paying the first installment, Kwaku Issaka fell into arrears. The two parties then entered into another agreement under which Kwaku Issaka was to work for Mr. Boateng for a year without any salary for Kwaku Issaka’s debt to be forgiven. Kwaku Issaka has started working, but the work is affecting his school activities to the extent that he was last in his class. Kwaku Issaka’s parents have approached you as a renowned expert in contract law to assist them. Advise them accordingly. Your solution should follow the IRAC Principle is an acronym which depicts, “I” Identification of area of law “R” Rule(s) of law “A” apply the principle to the case “C” Draw your Conclusion by advising   Knowledge Booster

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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Kwaku Issaka is a 14-year boy from a wealthy home. On 21st May 2021, Kwaku Issaka entered a shop in Accra to purchase the following items:

  • PlayStation 5
  • iPhone 13
  • Three pairs of men’s formal shoes made by Alexander

 

Kwaku Issaka did not have enough money to pay for all the items at once. He, therefore, entered into an agreement with the shop owner, Mr. Boateng, to pay the outstanding amount owed in five installments. However, after paying the first installment, Kwaku Issaka fell into arrears. The two parties then entered into another agreement under which Kwaku Issaka was to work for Mr. Boateng for a year without any salary for Kwaku Issaka’s debt to be forgiven.

Kwaku Issaka has started working, but the work is affecting his school activities to the extent that he was last in his class. Kwaku Issaka’s parents have approached you as a renowned expert in contract law to assist them.

Advise them accordingly.

Your solution should follow the

IRAC Principle is an acronym which depicts,

“I” Identification of area of law

“R” Rule(s) of law

“A” apply the principle to the case

“C” Draw your Conclusion by advising

 
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