Question: 1. What are the four basic elements necessary to the formation of a valid contract ? 2. What is the difference between express and implied

1.What are the four basic elements necessary to the formation of a valid contract?

2.What is the difference between express and implied contracts?

3.When will a court impose a quasi contract?

4.What rules guide the courts in interpreting contracts?

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. What are the four basic elements necessary to the formation of a valid contract? 8-2 pg 209 2. How does a void contract differ from a voidable contract? 8-2 pg 212-213 3. What is an unenforceable...

Q:

1. What are the four basic elements necessary to the formation of a valid contract? 2.How does a void contract differ from a voidable contract?What is an unenforceable contract? 3.What are the...

Q:

1 . What is a contract? What is the objective theory of contracts? 2 . What are the four basic elements necessary to the formation of a valid contract? 3 . What is the difference between express and...

Q:

1 . What is a contract? What is the objective theory of contracts? 2 . What are the four basic elements necessary to the formation of a valid contract? 3 . What is the difference between express and...

Q:

Business Law -Contracts What are the four basic elements necessary for the formation of a valid contract? Explain each in detail. What is the objective theory of contracts?

Q:

1. Explain EACH of the four basic elements necessary to the formation of a valid contract? What they are and definition 2. The Statute of Frauds requires certain types of contracts to be in writing...

Q:

PRACTICE QUESTIONS 15. What are the four basic elements necessary to the formation of a valid contract? CHECK ALL THAT APPLY. a.An Offer and an Acceptance. b.The Parties must have Contractual...

Q:

1. What is a contract? What are the four basic elements necessary to the formation of a valid contract?

Q:

What are the four basic elements necessary to the formation of a valid contract? What are two defenses to the enforcement to an otherwise valid

Q:

Question 1 8 pts Explain EACH of the four basic elements necessary to the formation of a valid contract? Acceptance, Consideration, and intention |

Q:

1. York Company wants to increase its current ratio from the present level of 1.5 when it closes its books next week. Which one of the following actions will have the desired effect? A. Sale of...

Q:

Consider an economy in which the consumption function takes the following simple algebraic form: C = 300 + 0.75DI and in which investment (I) is always $900 and net exports are always -$100....

Q:

Even company insiders cannot earn excess profits based on the private knowledge they have related to their employer if financial markets are q , form efficient. d . any of the above a . weak c ....

Q:

The overall project team is split into multiple smaller teams based on the area of specialization. Tight coordination of activities and strict discipline among the team members are required to...

Q:

The geographical location of the sender, i.e. where the sender resides

Q:

Subjective norms, i.e. the norms of the target group

Q:

The temporal rule: The closer temporal proximity we have to an event or action, the more probable it is that the distortion of information is less than if the event or action happened longer ago.