Question: Explain the difference between the elements of a contract and the terms of a contract

Explain the difference between the elements of a contract and the terms of a contract

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:

Part 1 - RAGBRAI Contract Case Anneworks at Big Insurance Company (BIC).As part of BIC's wellness program, employees are encouraged to participate in various events such as 2K or 5K runs, being...

Q:

What is the function of a contract? What is the definition of a contract? What are the requirements of a contract? Explain the difference between an express or implied contract? What does contractual...

Q:

Vedanta and Zambia are arbitrating in London over the KCM dispute, which began when the government accused Vedanta of failing to honour licence conditions, including promised investment. An arbitral...

Q:

The High Court in Johannesburg granted Vedanta Resources an urgent interim order blocking ZCCM from liquidating Konkola Copper Mines (KCM). The Indian-owned mining company is fighting the Zambian...

Q:

Explain the difference between a term in a contract and a representation using one example for each. Explain the difference between a 'term' in a contract and a 'representation' using one example for...

Q:

a.) As a Consultant briefly explain what Arbitration is as a mode of contractual conflict resolution. (4) Marks) Page 2 of 6 b.) Briefly explain to ZCCM-IH Board of Directors the four (4) importance...

Q:

CVP, cost structure differences, movie production. (Continuation of 3-23) Royal Rumble is negotiating for Feature Creatures 2, a sequel to its mega-blockbuster success Feature Creatures. This...

Q:

1. Explain the difference between an obligation and a contract. 2. Explain the difference between an agreement and a contract. 3. Explain the particulars of a stipulation pour atrui. 4. Explain the...

Q:

Suppose Pablo and David were friends and they both trusted one another. Pablo was a computer programmer and developed an idea to start his own business using one of the programs he personally...

Q:

SHORT ANSWER Explain the basic requirements that must be met for a contract to be enforceable. Explain the doctrine of equity with reference to contracts. Compare valid, void, voidable, and...

Q:

Liquid sodium leaves a nuclear reactor at 1500 F and is used as the energy source in a steam power plant. The condenser cooling water comes from a cooling tower at 60 F. Determine the maximum thermal...

Q:

Write the nodal equation for nodes 1 through 12 shown in Figure P3-76. Express the equations in a format for Gauss-Seidel iteration. Figure P3-76 h, T 7-50C k=10W m . C 10 1 12 Insulated

Q:

12106. The balloon A is ascending at the rate vA = 12 km>h and is being carried horizontally by the wind at vw = 20 km>h. If a ballast bag is dropped from the balloon at the instant h = 50 m,...

Q:

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...