List the four elements of a valid contract. What is the legal result if only three of

Question:

List the four elements of a valid contract. What is the legal result if only three of the four elements are present?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Introduction to Risk Management and Insurance

ISBN: 978-0131394124

10th edition

Authors: Mark S. Dorfman, David Cather

See More Books

Question Posted: Dec 07, 2015 06:14 AM

See More Questions

There are four elements of a valid contract. List and discuss them in detail, be sure to state what happens at each stage including the persons involved.
Regarding the elements of a valid contract: a. What are the five, and sometimes six, elements that are said to be essential for a valid contract? b. In which of the six elements does the law permit...
According to Contracts Act 1950 Section-26 "An agreement without consideration is void". Based on the above provision, discuss the consideration as one of the elements of a valid Contract under...
A survey of U.S. adults found that 33% name professional football as their favorite sport. You randomly select 14 U.S. adults and ask them to name their favorite sport. Find the probability that the...
You have been asked to determine if two different production processes have different mean numbers of units produced per hour. Process 1 has a mean defined as 1 and process 2 has a mean defined as 2....
Imagine that for the past two years, youve consumed only two goods: lattes and scones. As youre probably aware, prices tend to go up over time. If the price of your latte increased from $2 to $3 over...
Visit the website of one of the online marketing research firms (e.g., Toluna at us.toluna .com/default.aspx or www.toluna.com). Locate a survey administered currently at this site. Critically...
Magness Delivery Service completed the following transactions during December 2016: Dec. 1 Magness Delivery Service began operations by receiving 510,000 cash and a truck with a fair value of $20,000...
Use the transaction information provided for Mike's Motors (the previous question) to create a balance sheet for Mike's Motors. Make sure to include every account that you used in the journal entries...
Aaron, Deanne, and Keon formed the Blue Bell General Partnership at the beginning of the current year. Aaron and Deanne each contributed $110,000 and Keon transferred an acre of undeveloped land to...
What are the important differences between a valid contract, an invalid contract, and a voidable contract?
Why is legal capacity required to enter into a valid contract?
Solve. Find exact solutions. 6x 2 - 36 = 0
In the 1990s, the leader of Germanys Social Democratic Party, Oscar LaFontaine, suggested a type of environmental regulation combining emission taxes with a minimum allowable emission standard....
Modify Lookup to make a program LookupAndPut that allows put operations to be specified on standard input. Use the convention that a plus sign indicates that the next two strings typed are the...
The Shannon entropy measures the information content of an input string and plays a cornerstone role in information theory and data compression. Given a string of $n$ characters, let $f_{c}$ be...
Consider a situation where the true aggregate marginal abatement cost curve is given by -C'(E)= a-bE, and the marginal damage function by D'(E)= d.E. The regulator believes the true marginal...
Our derivation of the Weitzman theorem has proceeded by assuming that the uncertainty in the abatement cost and damage functions ( and , respectively) are uncorrelated. If we generalize the problem...
Evaluate the iterated integral. 2 4 SS /0 2xy dy dx
Assume that your audit team has established the following parameters for the examination of ELM's sales transactions: LO G-3 Risk of incorrect acceptance...
a. What is a captive insurer? b. Explain the advantages of a captive insurer in a risk management program.
a. What is self-insurance? b. What is a risk retention group?
a. Explain the advantages of using insurance in a risk management program. b. Explain the disadvantages of using insurance in a risk management program.
First, technology has a major impact on talent shortage. With the increased use of AI, there are fewer data analysis jobs required, so technology can potentially replace some forms of supply chain...
Career pathing programs arm staff with skills and provides incentives of growth, challenge, and visibility. It presents the chance to change the way a technology team is perceived internally and...
In order to better understand what you are trying to communicate, does Christianity and the Way of Jesus fall under a honor society, justice society or both?

List the four elements of a valid contract. What is the legal result if only three of

Question:

Step by Step Answer:

1 Offer and acceptance of the same terms 2 The parties to the contract have ...View the full answer

Introduction to Risk Management and Insurance

Students also viewed these Corporate Finance questions