Question: This week, we focused on the basic ways a contract is concluded. The basic formula for enforceable promises was outlined as follows, O + A

This week, we focused on the basic ways a contract is concluded. The basic formula for enforceable promises was outlined as follows, "O + A + C = K" (Offer plus Acceptance plus Consideration equals a contract). After reading the text, watching the video this week, and learning about the basic rules of mutual assent (offer & acceptance), please identify and discuss one aspect of contract formation that you found the most interesting, nuanced, or complex.

Reference to book Graves, J. M., & Blair, H. A. (2022). Learning contracts. West Academic Publishing, Chapter 2

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!

4) Parktown Realty Inc developed an upscale condominium complex. On October 1, Miranda Wine signed an offer to purchase one of the units. Part of that document said, "This offer is irrevocable by the...

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

1. Was VAAF contractually obligated to pay Chad for refraining from smoking? 2. Was there consideration to support its promise to pay $500? 3. Are there other facts you need to know to make that...

Please solve the mutiple-choice questions in the word doc. INTRODUCTION: Commercial Paper & Agency Commercial Paper Commercial paper (under the category of negotiable instruments) is a document...

Confirming Pages C H A P T E R 19 Analyzing Information and Writing Reports Chapter Outline Using Your Time Efficiently Analyzing Data and Information for Reports Identifying the Source of the Data...

Read the Pacific Oil Case below and consider the following questions below: Identify the strengths and weaknesses of Fontaine's and Gaudin 's negotiating strategy in their deliberations with Reliant...

Please, read the following negotiation article pages and response to ONLY ONE question below. Note: no plagiarizing, please use your own and when responding the questions be specific and support your...

Please, read the following negotiation article pages and response to the two questions below. Note: no plagiarizing, please use your own and when responding the questions be specific and support your...

(a) Estimate the terminal speed of a wooden sphere (density 0.830 g/cm3) falling through air if its radius is 8.00 cm and its drag coefficient is 0.500. (b) From what height would a freely falling...

Telephone survey contact rates. Telephone surveys typically have high rates of nonresponse. This can cause bias when the variables being studied are associated with factors that determine the...

For an ordinary holder to become an HDC , the holder must have acted honestly in the process of acquiring the instrument. True or false

Topic: Digital Media and Activism Finding Sources: Which two journal articles did you select and how did you find them? What are their topics and arguments? Introduce each source and provide a short...