Question: State the elements that must be present in order for a contract to be valid. When can a mentally incompetent person void a contract? Define

State the elements that must be present in order for a contract to be valid.

When can a mentally incompetent person void a contract?

Define a material breach.

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:

What is the definition of a contract? 2. The elements of a contract include all but the following element: a. Offer and acceptance. b. Consideration. c. Capacity. d. Promissory Estoppel. 3. What are...

Q:

Read Contracts Basics Created byFindLaw's team of legal writers and editors | Last updated July 02, 2019 Most businesspeople enter into contracts more frequently than they may realize. Any time you...

Q:

Questions for Review 1. What is meant by "freedom of contract"? Explain the impact of this principle on the development of contract law. What are two types of restrictions on this principle? 2, List...

Q:

QUESTION 1 1.A landlord must repair all conditions upon a tenant's request. True False QUESTION 2 1.A lease that has a definite termination date is: An estate for years An estate from period to...

Q:

Unit1 1) The court's decision in Brown v. Board of Education had what effect on the decision made in Plessy v. Ferguson? a. It showed that precedent can be overruled and is not binding in every...

Q:

Business Law: Contract Fact Pattern: Read the following set of facts, identify the contractual issue(s) and discuss each of the five elements (consensus, consideration, capacity, legality and...

Q:

Berry v Berry 2018 Pa. Super. 276 (Pa. Super. Ct. 2018) Summary In Berry, this Court held that an incapacitated person cannot bring a divorce action without a court determination concerning his...

Q:

1. A contract never can be both executory and unilateral. a. True b. False 2. An acceptance must be absolute and unconditional. a. True b. False 3. An offer is effective only if it is communicated by...

Q:

Jennifer has offered to sell her computer to Jack for $1500. She tells Jack that thecomputer is only 3 months old but in fact, the computer is 4 years old, and Jenniferwants to unload the lemon on...

Q:

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 of the chapter. Chapter 8...

Q:

We are constructing a box from a rectangular piece of cardboard. The piece of cardboard which measures 28 inches wide and 44 inches long. We will remove a square of size "x" inches from each corner...

Q:

SAT verbal scores are normally distributed with a mean of 430 and a standard deviation of 120 (based on data from the College Board ATP). Randomly selected SAT verbal scores are obtained from the...

Q:

Big Warehouses borrowed $ 1 7 8 , 1 4 9 from a bank and signed a note requiring 6 annual payments of $ 3 3 , 9 8 4 beginning one year from the date of the agreement. Required: Determine the interest...

Q:

Cost of Goods Manufactured and Cost of Goods Sold For each of the following unrelated columns of data for the year, compute the cost of goods manufactured and the cost of goods sold