Question: 1. Explain essential elements of a valid contract (Case law references required for each elements). 2. Every simple contract or agreement requires Consideration or Justae

1. Explain essential elements of a valid contract (Case law references required for each elements).

2. "Every simple contract or agreement requires Consideration or "Justae Causa" Briefly discuss.

3. Distinguish with examples between an "offer" and an "Invitation to treat" for an offer.

4. "Domestic agreements are distinguishable from enforceable contracts" critically evaluate with reference of various case laws.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!

Q:

1. Explain essential elements of a valid contract (Case law references required for each elements). 2. "Every simple contract or agreement requires Consideration or "Justae Causa" ." Briefly discuss....

Q:

Question: 1.) A.) In general, explain how tariffs, import quotas, and product standards affect trade and general decision-making for global businesses. B.) Further, assume that an owner has a large...

Q:

Question 1: Consider the questions below 1.Explain the factors that limit the application of monetary tools in the economy of developing countries 2.Economies is concerned with allocation of scarce...

Q:

1.In a certain department of a factory there are two shops. Total departmental overheads for a year are `1,20,000 and the estimated number of direct labour hour is 24,000 (10 men employed for 48...

Q:

Give opinion: Managers must make critical economic decisions every day, such as whether to make or buy their products, if they should take or leave an offer on the table, or between different...

Q:

Fix-it auto Company contracts to sell a car to Garth for $3,500. Garth gives Fix-It a worthless check for the price. Garth assigns his right to the car to Herb. If Fix-It refuses to deliver the car...

Q:

A French economist and engineer Jules Dupit introduced the concept of CBA in his article in 1848. After this date, a famous economist Alfred Marshall formalized this approach. The U.S. Army Corps of...

Q:

A French economist and engineer Jules Dupit introduced the concept of CBA in his article in 1848. After this date, a famous economist Alfred Marshall formalized this approach. The U.S. Army Corps of...

Q:

Read the scenario below and answer questions that follow. Mr Zippo is a very committed member of the privately-owned Wonder Church and attends the sermons of the charismatic Holy Leader of the church...

Q:

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Q:

Answer the following questions. 1. If interest expense relates to six months of interest expense on a 10% note payable, what is the amount of the note payable? 2. What was the adjusting journal entry...

Q:

What are the components of the capital structure in the typical MNE? What about MNEs in Japan and Germany? What about a typical firm in your country?

Q:

6 a How could you estimate the thickness of a page of this book? b Write down your estimate of the thickness of a page of this book and compare it with the estimates made by others. Are all the...

Q:

Before an employer can terminate an employee on grounds of misconduct, he should follow certain standard operating process. If you were the Employer and your employee is found to have committed...

Q:

3. Imagine three people you know relatively well. Consider which of the five positions they often use in the conversations they engage in with other people.

Q:

4. Select a person you want to model. Choose what you want to model in this person, such as relationship skills. a. Observe what he does and how he does this in relationships with others. b. Try to...

Q:

2. Start with a person you want to model. a. Use the five positions to investigate how this person positions himself in relation to others, i.e. how he uses the five positions in his interaction with...