Question: For a contract to be valid, it MUST be for a legal purpose and involve an exchange of A. an offer. B. consideration. C. an

For a contract to be valid, it MUST be for a

For a contract to be valid, it MUST be for a legal purpose and involve an exchange of A. an offer. B. consideration. C. an implied warranty. D. written documentation

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:

During the audit of MBL Limited, a large manufacturing company, you come across a large piece of specialized equipment that is completely destroyed by fire. Upon further inquiry and investigation,...

Q:

Due Tonight! Really appreciate it! Can I please have this Chapter Outline, { the main points }. Book is called Legal Concepts in Sport by Linda Jean Carpenter. As a reference I uploaded all the pages...

Q:

Sam Stevens lived in an apartment complex where he was working on his invention. He was developing a machine that played the sound of a barking dog to scare off potential intruders. A national chain...

Q:

Sam Stevens lived in an apartment complex where he was working on his invention. He was developing a machine that played the sound of a barking dog to scare off potential intruders. A national chain...

Q:

Required Elements for a Valid Contract a) The required elements for a valid contract are: 1) an offer, 2) acceptance of that offer, 3) consideration, 4) legal capacity of the parties, and 5) legality...

Q:

Here is a accounting writing assignment, do you want to help? www.pwc.com Leases 2016 This publication has been prepared for general informational purposes, and does not constitute professional...

Q:

Here is a accounting writing assignment, do you want to help? www.pwc.com Leases 2016 This publication has been prepared for general informational purposes, and does not constitute professional...

Q:

Contracts are fundamental, they set out the rights and obligations of business parties * True False Stare decisis: code based legal system found in continental Europe, Middle east, African countries...

Q:

to analyzing whether there is a contract between Manpreet and Tim Hortons: Offer: When Tim Hortons displays its products and prices, it is making an offer to sell those items to customers at the...

Q:

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)...

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:

Some observers have argued that the Internet is overused in times of network congestion. a) Do you think the Internet serves as common property? Are people ever denied access to the Internet? b) Draw...

Q:

Part 1: Write the following questions: 1. Why are general capital assets not recorded in governmental funds? 2. A state incurs interest on funds used while a highway was under construction. How will...

Q:

How is pre - money valuation calculated? Group of answer choices post - money valuation less investment pre - money valuation less revenues initial funding post - money valuation plus expenses

Q:

please answer only if you know programming language is c++ For this lab, your objective is to define the functions below. Define the void function SwapNodes () that takes three generic type Node...