Please review the video (the list of the elements is reproduced below). While watching this video and
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Please review the video (the list of the elements is reproduced below). While watching this video and reviewing the list, what questions do you have about the listed element(s) of a valid contract.
https://www.youtube.com/watch?v=ACh4yNou8q8
1. Offer and Acceptance 2. Intention to Create Legal Relationship 3. Capacity to Contract 4. Genuine and Free Consent 5. Lawful Object 6. Lawful Consideration 7. Certainty and Possibility of Performance 8. Legal Formalities
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-0078110931
16th Edition
Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus
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