Question: Explain why it is important that all the elements of a contract must be present and readily identifiable for a valid and legitimate contract to

Explain why it is important that all the elements of a contract must be present and readily identifiable for a valid and legitimate contract to move forward between the two parties involved.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Ensuring that all the elements of a contract are present and readily identifiable is crucial for creating a valid and legitimate contract between two ... View full answer

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 Law Questions!

What do you feel are some of the most important processes that are used for systems analysis and why Select 1 area of systems analysis and discuss the steps that are involved

Explain why it is important that the surgeons be assigned at random to the two music conditions.

Explain why it is important that both responsibility and authority are appropriately assigned to employees.

Discuss the various ways project change can be managed. In your discussion, be sure to include real world examples if you have experienced them those experiences may help your project

Using financial statements to prepare a statement of cash flows'Indirect method The following financial statements were drawn from the records of Healthy Products Co. Additional Data 1. During 2012,...

In September 2005, a nonequity strategic alliance was announced that involved three companiesMotorola (MOT), Apple (APPL), and Cingular. The purpose of this alliance was to sell (Cingulars role) a...

Compare and contrast Freud and Jung regarding their views on the structure of personality. Which view seems more adequate? Why?

Interpret the following information regarding Westlake Corporation's cash flows. Sales..................$ 550,000 Accumulated depreciation........ 190,000 Cash ? Cost of goods sold........ 320,000...

Please write and correct the ArrayList code so that the driver will generate the given output. There are quite a few errors/missing lines in ArrayList that need to be corrected. This is a data...

Other information: Intercompany sales: On January 1, Year 10: Salt had on hand $30,000 of inventory purchased from Pillar. Pillar had on hand $90,000 of inventory purchased from Salt. Both companies...

You can acquire an existing business in Doha for $2.9 million. You are uncertain about future demand. There is a 45 percent chance of high demand, in which case the present value of the business will...

How is the NDAA used to shape defense policies indirectly?

Flu cases per school this past flu season in the Remulak school system *(n = 500) were 15 per week. For the entire state, the weekly average was 16, and the standard deviation was 15.1. Are the kids...

John and Susan, both age 35, are married, and each own 35% of an S corporation for which they perform services as employees. The company had $30,000 in ordinary business income (John and Susan both...

What are the requirements outlined in the Deloitte Policy Manual, Section 1553 intended to accomplish? Protect the general public, as well as investors, creditors, and Deloitte employees Ensure even...

Using your knowledge of navigating the global environment and your analysis of Walmart's experience as described in the Management at Work article, answer the questions posed. You begin by reminding...

D Question 7 1 pts If there is a risky asset with a standard deviation of 0.27, what would be the standard deviation of a portfolio with a weight of 0.8 on the risky asset, and a weight of 1-0.8 on...

You are standing on the top of a building and throw a ball vertically upward. After 2 seconds, the ball passes you on the way down, and 2 seconds after that, it hits the ground below. a. What is the...

DiLorenzo was an officer, director and shareholder of 100 shares of stock of Valve & Primer. M. Chris Dickson was the chief executive officer and majority shareholder of Valve & Primer. DiLorenzo was...

This consolidated appeal involves respondent Department of Transportations (DOTs) interpretation of federal law governing airline service at Love Field airport. Petitioners Dallas Fort Worth...

Civil Code 1719, subdivision (a) provides in part that any person who draws a check that is dishonored due to insufficient funds shall be liable to the payee for the amount owing upon the check and...

As purchasing agent for the Horner-Williams Company, you have primary responsibility for securing high-quality raw materials at the best possible price. One particular material that the...

Given the following null and alternative hypotheses and the following sample information a. If a 0.01, state the decision rule for the hypothesis. (Be careful to pay attention to the alternative...

Given the following null and alternative hypotheses and the following sample information a. If a 0.02, state the decision rule for the hypothesis. b. Test the hypothesis and indicate whether the null...