Question: What are the 4 factors that constitute a valid contract? None of the above Reciprocity: Time and Materials: Cost Plus Competent Parties: Legal: Offer and

What are the 4 factors that constitute a valid contract? None of the above Reciprocity: Time and Materials: Cost Plus Competent Parties: Legal: Offer and Acceptance; Consideration Bargain for Consideration: Legal: Qualification: Offer and Acceptance

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!

General Average Problem You've just learned about the concept of general average. Try applying it to the following hypothetical: A cruise ship docks close to Rome for three days, giving the...

What are the 4 factors that constitute a valid contract? None of the above Reciprocity; Time and Materials; Cost Plus O Competent Parties; Legal; Offer and Acceptance; Consideration O Bargain for...

What are the 4 factors that constitute a valid contract? None of the above O Competent Parties; Legal; Offer and Acceptance; Consideration Reciprocity; Time and Materials; Cost Plus Bargain for...

Question 39 (3 points) Your CPO congratulates you on the negotiated savings Best Buy is projected to realize, and also asks whether there are any other Levers that will help drive further savings. If...

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...

Questions Chap 1 1. Consider the following cases and decide whether criminal or civil proceedings would result, and make a note of the parties in the action. a) Ali is being prosecuted for careless...

Under the Comprehensive Environmental Response, Compensation and Liability Act, liability for the release of a hazardous substance on an owner's property is placed on the Group of answer choices the...

**Issue 1**; Did Charlie and the NT Government have a binding contract? QUESTION Charlie Coder is an aspiring computer programmer. He has been studying a new micro skilling course Artificial...

Directions: Insert a "T" for True or "F" for False beside the corresponding number 1. Rescission terminates a contract, returning the parties to where they were prior to entering into the contract....

Introduction The Procurement Guideline for Publicly Funded Organizations in Ontario is a summary of best practices in the procurement of goods and services for organizations funded by the Ontario...

On January 3, 2020, Baxter, Inc. acquired 40% of the outstanding common stock of Anchor Co. for $2,800,000. This investment gave Baxter the ability to exercise significant influence over Anchor....

The reaction 5H2C2O4 + 2MnO4^- + 6H^+ --------> 10CO2 + 2Mn^2+ 8H2O requires 5mol H2C2O4 for 2mol MnO4^-. If you mix 1.15g Na2C2O4(FM 134.00) with 0.60g KMnO4 (FM158.03) and excess aqueous acid....

Aaron is starting a new business with his best friend, Jack. They are concerned about liability. They would prefer flow - through taxation because they expect to have losses in the first few years....

What is an example of constructive feedback? provide reference