Question: 1. Explain the basic requirements that must be met for a contract to be enforceable. 2. Explain the objective theory of contracts. In your answer,

1. Explain the basic requirements that must be met for a contract to be enforceable. 2. Explain the objective theory of contracts. In your answer, provide an example of an offer that would not result in a valid contract.

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 General Management Questions!

1. Explain the basic requirements that must be met for a contract to be enforceable. 2. What are the possible problems that can come up in a unilateral contract? 3. Compare valid, void, voidable and...

1. Explain the basic requirements that must be met for a contract to be enforceable. 2. List the four ways in which an offer can be terminated by operation of law and explain them in brief. 3. What...

Flag this Question Question 110 pts (TCO 6) A contract in which agreement between parties has been inferred from the contract is known as an __________________. Irrevocable Contract Enforceable...

SHORT ANSWER Explain the basic requirements that must be met for a contract to be enforceable. Explain the doctrine of equity with reference to contracts. Compare valid, void, voidable, and...

51) Explain the IRAC method of case analysis. 52) Explain the doctrine of stare decisis and how it has influenced the legal system. 53) How is the federal government divided? Why are checks and...

Answer in short sentances each 5 1 ) Explain the basic requirements that must be met for a contract to be enforceable. 5 2 ) Explain the doctrine of equity with reference to contracts. 5 3 ) Compare...

Tutorial No. 5 Capital Gains and Losses (Starting the week beginning Monday 28 August 2017) Q 1 Income vs Capital - Why is the distinction important to individuals? Jeremiah and Jaini were walking...

Node.js/Javascript Collaborative App The purpose of this assignment is to give you practice building a collaborative app and writing your own javascript modules. Also to take advantage of the fact...

On December 1, Dale Co. had the following inventories: materials, P240,000; work in process, P120,000; and finished goods P360,000. During the month, materials purchased total P560,000. Direct labor...

A local company produces a programmable EPROM (erasable programmable read-only memory) for several industrial clients. They have experienced a relatively flat demand of 2500 units per year for the...

SodaPop Company has two operating departments: Mixing and Bottling. Mixing has 4 5 5 employees and Bottling has 1 9 5 employees. Office costs of \ ( \ $ 1 7 0 , 0 0 0 \ ) are allocated to operating...

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...