Question: A valid contract does not need a. mutual assent b. duress c. consideration d, legally competent parties

A valid contract does not need
a. mutual assent
b. duress
c. consideration
d, legally competent parties

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 Finance Questions!

Q:

A contract is considered executed when A . consideration is exchanged. B . mutual assent is reached. C . all the provisions of the contract have been fully performed. D . an offer is made and the...

Q:

A contract is considered executed when A . consideration is exchanged. B . mutual assent is reached. C . all the provisions of the contract have been fully performed. D . an offer is made and the...

Q:

52. A contract is considered executed when A. consideration is exchanged. B. mutual assent is resched. C. all the provisions of the contract have been fully performed. D. an offer is made and the...

Q:

1 . When a trial is conducted with a jury, the judge determines issues of _ _ _ _ _ and the jury determines question of _ _ _ _ _ _ _ a . evidence, law b . law, evidence c . law, fact d . fact, law 2...

Q:

2. Which of the following is NOT considered to be an alternative method of dispute resolution? a. Special verdict b. Negotiation c. Conciliation d. Mediation 3. Whatever powers are not specifically...

Q:

1. When a trial is conducted with a jury, the judge determines issues of _____and the jury determines question of _______ a. evidence, law b. law, evidence c. law, fact d. fact, law 2. Which of the...

Q:

1. Which of the following is NOT always necessary in order for a valid contract to be formed? a. mutual assent. b. legality of purpose. c. a writing. d. competent parties. 2. Promissory estoppel will...

Q:

Which of the following is not needed for a valid contract? Question 1 6 options: a ) mutual assent b ) consideration c ) contractual capacity d ) a writing

Q:

exists when an offeror communicates a valid offer with clear and unambiguous terms to the offeree, al A . Mutual assent B . Capacty C . Legavity D . Consideration

Q:

43. All of the following are necessary elements of a contract except: A. mutual assent. B. capacity. C. writing. D. consideration

Q:

DiPitros Paint and Wallpaper, Inc. needs to raise $1 million to finance plant expansion. In discussions with its investment bank, DiPitros learns that the bankers recommend a debt issue with gross...

Q:

The head of the information systems group at Conway Consulting must assign six new analysts to offices. The following closeness matrix shows the expected frequency of contact between analysts. The...

Q:

During which months of pregnancy does "moming akekness' typleally and mokt frequently oceur? a ) 5 . 6 b ) 1 4 c ) 8 9 d ) 7 8

Q:

Draw a class diagram and its relationship based on the following statements. You can use any UML tool/software to represent your class diagram. Do NOT copy and paste your diagram, use the attachment...