Question: A valid contract has which of the following basic elements? ( Check all that apply. ) Mutual assent Legality of purpose Consideration lllusory promises Capacity

A valid contract has which of the following basic elements? (Check all that apply.)
Mutual assent
Legality of purpose
Consideration
lllusory promises
Capacity
A valid contract has which of the following basic

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!

Q:

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...

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:

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:

Questions 1: Assume the profit-maximizing price for each car wash is equal to marginal cost. If price drops below average variable cost, the car wash should shut down. When the beach resort is...

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:

*Offer and Acceptance . Central Properties, Inc., entered into a contract with Robinson and Westside (Westside), a real estate development company to purchase sixty acres of land. The contract...

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:

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:

The following are hypothetical data for the U.S. balance of payments. Use the data to calculate each of the following (assume credit balances): a.Merchandise trade balance b.Balance on goods and...

Q:

Solve the following system of linear equations using Gaussian Elimination: x 1 +2x 2 -3x 3 =4 2x 1 +2x 2 +3x 3 =13 x 1 -2x 2 +2x 3 =1 show the first three iterations

Q:

The comparative balance sheets for Kohl Company appear below. Instructions: Prepare a statement of cash flows for the year ended December 31, 2005, using the indirect method. Additional Information:...

Q:

Which of the following is not reported in the Statement of Stockholders' Equity? Question 3 options: a ) Retained Earnings. b ) Common Stock. c ) Paid in Capital in Excess of Par - Common Stock (...

Q:

how to apply this in a piviot table Element #1: Total Sales Revenue by Region for the Current Year Create a static bar chart that presents total Sales revenue by sales region for the current year