Question: What are the five requirements for a valid contract? Group of answer choices Consensus, contractual capacity, physical performance, be a tax payer and formalities. Consensus,

What are the five requirements for a valid contract?
Group of answer choices
Consensus, contractual capacity, physical performance, be a tax payer and formalities.
Consensus, contractual capacity, physical performance, be employed and formalities.
Consensus, contractual capacity, physical performance, legal performance and formalities.
Consensus, contractual capacity, South African identity number, legal performance and formalities.

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:

1. Help Jenny to forecast dividend payments for Reeby Sports and to estimate the value of the stock. You do not need to provide a single figure. For example, you may wish to calculate two figures,...

Q:

QUESTION 11 With a Cost Plus Incentive Fee (CPIF) contract (choose everything that applies) the contractor can earn a larger profit by reducing costs is not really a cost-reimbursable contract the...

Q:

Chapter 10 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

1) Laws enacted by the U.S. Congress, the legislature of the state of Ohio, and Delaware County, Pennsylvania are all: Group of answer choices case law constitutional law statutory law administrative...

Q:

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Q:

Administrative Law 5 A dministrative law governs and defines the powers of government agencies. A number of political and technological factors have led to an explosion in the growth of government...

Q:

Ref. Ares(2013)1028126 - 08/05/2013 EUROPEAN COMMISSION DIRECTORATEGENERAL FOR ENERGY Deputy DirectorGeneral External policy & development of financial instruments Acting Director Directorate A...

Q:

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...

Q:

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...

Q:

LST2BSL Introduction to Business Law and Ethics Common Law Assignment INSTRUCTIONS 1. This assignment is worth 20% of your final mark for this subject. 2. All questions must be answered. 3. With...

Q:

Chapter 6 from The Legal and Ethical Environment of Business was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as...

Q:

In the given figure, AD is median of ?ABC and AE ? BC. Prove that b 2 + c 2 = 2p 2 + 1/2 a 2 . E D a b C

Q:

(a) What is parametric curve? (b) How do you sketch a parametric curve?

Q:

Which one of the following statements is CORRECT regarding the effect of the taxpayer's death on suspended passive losses? A ) They are completely nondeductible upon the death of the taxpayer. B )...

Q:

Consider a world that only consists of the three stocks shown in the following table: Stock Total Number of Shares Outstanding (millions) First Bank 84 112 21 Fast Mover 60 122 10 Funny Bone 187 34...