Dr. Jha hired a local painter to paint a mural in his office reception area. The two
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Question:
Dr. Jha hired a local painter to paint a mural in his office reception area. The two discussed some specifics about the design and the scheduling of the job. They agreed on a price to be paid for the services. They did not sign a formal contract; instead, they formalized the project with a handshake.
- Is this a legal contract? Why or why not?
- What type of contract is this? (express or implied?)
- In your opinion, was it a good idea to formalize it this way? Why or why not? What problems might arise?
Related Book For
Understanding Business Ethics
ISBN: 9781506303239
3rd Edition
Authors: Peter A. Stanwick, Sarah D. Stanwick
Posted Date: