Question: The basic elements of a contract include: offer, acceptance, consideration and mutual assent. consideration, legal capacity, genuine consent, and legal subject matter. offer, acceptance, mutual

The basic elements of a contract include: offer, acceptance, consideration and mutual assent. consideration, legal capacity, genuine consent, and legal subject matter. offer, acceptance, mutual assent

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:

The owner of a lost dog posts notices that she will pay $200 for its return. Someone who does not know about the reward finds the dog and returns it. The owner O must pay the reward due to public...

Q:

The owner of a lost dog posts notices that she will pay $200 for its return. Someone who does not know about the reward finds the dog and returns it. The owner O must pay the reward due to public...

Q:

Question 30 Workers' compensation statutes provide payment to employees for injuries incurred at work. In return, employees are not permitted to Select one A Health insurance B. Sue the employer for...

Q:

Question 6 The basic elements of a contract include agreement, lawful subject matter, and: offer, consideration, and legal capacity consideration, legal capacity, and remedies consideration, legal...

Q:

Part 1 : Contract Definition A legal contract involves an agreement between two or more parties to do or not to do something. The key elements of a contract include: Offer: One party must make a...

Q:

The four elements required of a valid contract include offer, acceptance, capacity, legality of subject matter offer, acceptance, capacity, consideration mutual agreement, in writing, capacity,...

Q:

Objective: The objective of this assignment is to provide students with an opportunity to explore the legal principles underlying contract formation and apply their knowledge to analyze a specific...

Q:

Objective: The objective of this assignment is to provide students with an opportunity to explore the legal principles underlying contract formation and apply their knowledge to analyze a specific...

Q:

Objective: The objective of this assignment is to provide students with an opportunity to explore the legal principles underlying contract formation and apply their knowledge to analyze a specific...

Q:

CASE SCENARIO Ms Karla Tulli is a Certified Practising Accountant (CPA), who has two specialisations in Accounting and Finance. Ms Karla Tulli has been running her own small accounting firm for only...

Q:

Eighteen years from now, 4 years of college are expected to cost $150,000. Rounded to dollars and cents, how much more must be deposited into an account today to fund this expense if you can earn...

Q:

How could opinion shopping be (a) Suspect or (b) Helpful?

Q:

Elsa Products processes Chem - Z into two products: Chem - A and Chem - B . Chem - Z costs \ ( \ $ 4 0 , 4 0 0 \ ) per batch. The joint process produces 5 , 0 0 0 units of Chem - A with a market...

Q:

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

Q:

During October, Tyson Company worked on two jobs. Data relating to these two jobs follow: Overhead is assigned on the basis of direct labor hours at a rate of $3.75. During October, Job 68 was...

Q:

Golding Company applies overhead based on direct labor cost. During the first quarter, the following activity took place in each of the accounts listed below. Job 32 was the only job in process at...

Q:

Sanderson Company uses a predetermined overhead rate to apply overhead. Overhead is applied on the basis of direct labor hours in Department 1 and on the basis of machine hours in Department 2. At...