Question: . Explain about the five basic requirements of a contract: agreement, intention, certainty, capacity, and consideration. (60 points, maximum 400 words)

. Explain about the five basic requirements of a contract: agreement, intention, certainty, capacity, and consideration. (60 points, maximum 400 words)

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!

2. Explain about the five basic requirements of a contract: agreement, intention, certainty, capacity, and consideration. 400 words

Chapters 7-8 - Contracts - Introduction & Agreement; Consideration, Capacity, & legality Chapter 7-8 A* We now are getting into contracts. Chapter 7 covers a basic introcution to contract law and...

Administrative Law 5 A dministrative law governs and defines the powers of government agencies. A number of political and technological factors have led to an explosion in the growth of government...

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Chapter 9 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s) you are using)...

is as follows: 1. Do you agree or disagree with the decision in the Lambert case (p. 323, textbook). Explain by making EXPLICIT reference to any of the principles of Contract Law (say which one(s)...

Watch the Video of Pepsi vs Lenord In 400 words, describe the case IN YOUR OWN WORDS USING SIMPLE LANGUAGE. How does this case relate to CONTRACT LAW Use only the video and today's PPT as your source...

LST2BSL Introduction to Business Law and Ethics Common Law Assignment INSTRUCTIONS 1. This assignment is worth 20% of your final mark for this subject. 2. All questions must be answered. 3. With...

A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $ 7 each or to produce them in-house. Either of...

Jackson Supply Company is a publicly owned firm that serves the medical supply needs of hospitals and large medical practices in six southeastern states. The firm has grown significantly in recent...

What is the Fisher effect?

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...