Question: For a contract to be binding, both parties must have a clear understanding of all terms of that agreement. Discuss the accuracy of this statement.

"For a contract to be binding, both parties must have a clear understanding of all terms of that agreement." Discuss the accuracy of this statement.

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 Accounting Questions!

Q:

76) "For a contract to be binding, both parties must have a clear understanding of all the terms of that agreement Discuss the accuracy of that statement

Q:

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...

Q:

In Max and Big Construction ( BC ) case, a number of necessary elements of a contract should be included in their agreement. These elements are essential to ensure that the contract is valid and...

Q:

From Chapter 3, page 65, review the Ethical Guidelines for an Organization Development/Human Systems Development (OD/HSD) Professional. Please provide your agreement/disagreement with the guidance...

Q:

Please provide your agreement/disagreement with the guidance provided and if you would require your employee to follow the same guidelines. Ethical Guidelines for an Organization Development/Human...

Q:

Contracts Business law generally revolves about concepts involving contracts. By definition a contract is an agreement between two or more people, business entities or parties wherein individuals,...

Q:

Contracts Business law generally revolves about concepts involving contracts. By definition a contract is an agreement between two or more people, business entities or parties wherein individuals,...

Q:

Contract Law English Please cite answer. 1. Lord Aristo is an art collector. His favourite painting, Bacon's Pope Pious', is stolen. Lord Aristo places an advertisement in the Times newspaper...

Q:

Danones Wrangle with Wahaha case 4. Was Danone successful in proving its claims in court? How was the conflict between the two companies resolved? What were the key lessons for Danone about doing...

Q:

In 2002. Alliant. Inc entered a contract to string Rogers Communications' cable lines across thousand, s of utility poles in Canada' s Maritime provinces for an annual fee of $9.60 per pole. The...

Q:

a) Find the Thevenins and Nortons Equivalent. b)Find the power spent on the load of the circuit. 2 Sun 3A R2=12r

Q:

Glen Pool Club, Inc., has a $150,000 mortgage liability. The mortgage is payable in monthly installments of $1,543, which include interest computed at an annual rate of 12 percent (1 percent...

Q:

1 . ( NO EXCEL by hand ) Suppose a bond has 8 % coupon, 8 % YTM , and 2 years to maturity and $ 1 0 0 par ( assume semiannual interest payments ) a . Price Value of a Basis Point b . MacCaulay...

Q:

Which of the following are correct regarding creditor beneficiaries and donee beneficiaries? ( Check all that apply. ) Multiple select question. A donee beneficiary can still receive the benefit of...

Q:

Explain the relationship of job design to employee contributions.

Q:

Discuss the different types of work designs to increase employee contribution.

Q:

Discuss the steps in human resource planning.