Question: 1. Regarding the elements of a valid contract: a. What are the five, and sometimes six, elements that are said to be essential for a

1. 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six elements does the law permit performance or execution at the option of one of the parties who might have legally withdrawn without liability? Explain.

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!

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...

1. Daniel Dimwit sees an advertisement for a toaster oven at Target for the price of $49.00. When he gets to Target they are all sold out. Sears has the same toaster oven for $60.00. Can Mr. Dimwit...

CASE SCENARIO Ms Karla Tulli is a Certified Practising Accountant (CPA), who has two specialisations in Accounting and Finance. Ms Karla Tulli has been running her own small accounting firm for only...

Please answer these questions! You don't have to write, just answer A,B,C or D .nl Sprint so 11:02 AM @ >B 86% EM 9 saddleback.blackboard.com 10. Which one of the following government regulatory...

1 a. State and explain the elements of legal systems of Ghana. b. State and explain any four (4) maxims of legal system of Ghana. QUESTION 2 a. State and explain any five (5) of the elements of a...

i'm not sure if this is considered finance but it is business law. please attempt to complete this contract. I will include all the information given. I will also Up like!! Please read all of the...

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...

Please help on the following questions. Link:https://www.company3446645.co.uk/useful-company-law-links 1.under the law of contract, certain types of contracts must be evidenced in writing for them to...

Approach for Answering Assignment 1. Identify the legal issues 2. State the law 3. Apply the law into the case 4. Make conclusion and/ or recommendation Structure of the Assignment Introduction: As a...

27. A tender is an estimate submitted in response to a prior request. When a person tenders for a contract he is making an offer (proposal) to the person who has advertised a contract as being...

Refer to Exercise 12.12. Fit a second- order regression model to the data. a. Was there an improvement in the fit of the model compared to the first- order model? b. Test the hypothesis that distance...

Duneside Corporation began 2012 owing notes payable of $4.1 million. During 2012 Duneside borrowed $1.7 million on notes payable and paid off $1.6 million of notes payable from prior years. Interest...

carousel at the county fair makes 3 revolutions per minute. a . Find the linear speed in f t s e c of a person riding a horse that is 2 2 . 5 ft from the center. b . The linear speed of the person on...

Using annual, semiannual, and quarterly compounding periods for each of the following, (1) calculate the future value if $5,000 is deposited initially, and (2) determine the effective annual rate...

Here are the accounts in the ledger of Mishas Jewel Box, with the balances as of December 31, the end of its fiscal year. Cash ....................... $ 13,242 Accounts Receivable ...................

Rise N Shine Coffee Company produces Columbian coffee in batches of 6,000 pounds. The standard quantity of materials required in the process is 6,000 pounds, which cost $ 5.50 per pound. Columbian...

The inventory of Royal Decking consisted of five products. Information about the December 31, 2018, inventory is as follows: Selling costs consist of a sales commission equal to 10% of selling price...

Nucor Corporation produces steel and steel products at its eight mills and is a major recycler of scrap metal. The following data relate to Nucor for four years. Required: 1. Calculate Nucor's ROA...

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

3. What is meant when we say that people with a Protestant character exhibit manipulative behaviour?

An improvement in the exchange of information in negotiations.

1. Effort is important.