Question: List and describe the four (4) essential elements required to form a binding contract in Australia

List and describe the four (4) essential elements required to form a binding contract in Australia

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 Law Questions!

Q:

Critically analyze Balfour vs Balfour and Merritt vs Merritt and give your opinion that what were the distinguishing factors between Balfour v Balfour and Merritt v Merritt which created legal...

Q:

Can any experts provide me the correct answers for these questions Care must be taken to ensure that the agent is responsible to the principal only for the end result of its activities, not for the...

Q:

1 Canadian Business Law: A British Columbia Perspective Test Bank Chapter 5: Student Version Chapter 5: Working with Contracts True or False 1. A counteroffer revokes an offer only when this is a...

Q:

Question: 1.) A.) In general, explain how tariffs, import quotas, and product standards affect trade and general decision-making for global businesses. B.) Further, assume that an owner has a large...

Q:

PRO-FORMS, INC. J.B. Bryson (-Br to everyone who knew her). General Manager of Pro-Forms. Inc., read the invitation with interest: You are invited to attend a retirement party for Iris David...." Was...

Q:

Questions 1: Assume the profit-maximizing price for each car wash is equal to marginal cost. If price drops below average variable cost, the car wash should shut down. When the beach resort is...

Q:

Question 1: Consider the questions below 1.Explain the factors that limit the application of monetary tools in the economy of developing countries 2.Economies is concerned with allocation of scarce...

Q:

1.In a certain department of a factory there are two shops. Total departmental overheads for a year are `1,20,000 and the estimated number of direct labour hour is 24,000 (10 men employed for 48...

Q:

A French economist and engineer Jules Dupit introduced the concept of CBA in his article in 1848. After this date, a famous economist Alfred Marshall formalized this approach. The U.S. Army Corps of...

Q:

A French economist and engineer Jules Dupit introduced the concept of CBA in his article in 1848. After this date, a famous economist Alfred Marshall formalized this approach. The U.S. Army Corps of...

Q:

Summarise your understanding of the purpose of Cape Towns Global Action Plan.

Q:

1. Explain the difference between public & private saving. 2. Compare & contrast stocks & bonds. 3. Graph the market for loanable funds such that current national saving is at a level of $500 million...

Q:

an example of Riemann sums that demonstrate use of approximation techniques such as left endpoint, right endpoint and midpoint in order to approximate the value of definite integrals. Relate the area...

Q:

Sachs Brands defined benefit pension plan specifies annual retirement benefits equal to: 1.6% service years final year's salary, payable at the end of each year. Angela Davenport was hired by Sachs...

Q:

On January' 1, Kilgore Inc. accepts a $20,000 non interest bearing, 5-year note from Dicland Company for equipment. Neither the fair value of the note nor the equipment is determinable. Kilgore had...

Q:

Kemp leased a gas filling station from Baehr. Kemp, who was heavily indebted to Penn-O-Tex Oil Corp., transferred to it his right to receive payments on all claims. When Baehr complained that the...

Q:

Sears, Roebuck and Co. promised to give Forrer permanent employment. Forrer sold his farm at a loss to take the job. Shortly after beginning work, he was discharged by Sears, which claimed that the...

Q:

The Aqua Drilling Company made a contract to drill a well for the Atlas Construction Company. It was expected that this would supply water for a home being constructed by Atlas. Aqua did not make any...

Q:

Write a program to wish happy birthday to a student. Firstly, take today month and day as an input and secondly take birthday as an input in the form of month and day. If the input day and month...

Q:

Systems thinking. a. Define systems thinking, and explain why it is an important skill for business professionals. b. Explain how you would use systems thinking to explain why Moores Law caused a...

Q:

Collaboration. a. Define collaboration, and explain why it is an important skill for business professionals. b. Explain how you are using collaboration to answer these questions. Describe what is...

Q:

What does the phrase in a category of jobs that is net of outsourcing mean? Reread the discussion of Figure 1-5 if youre not certain. Why is this important to you?