Question: what rewuirement for a valid contract is satisfied when the parties to a cintract hace a meeting if the minds as to all essential and

what rewuirement for a valid contract is satisfied when the parties to a cintract hace a "meeting if the minds" as to all essential and material terms of the agreement

Legal purpose

Capacity

Consideration 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!

In the criminal prosecution of the Defendant for murder, the Defendant testifies that she was in another country when the crime took place. The Defendant also calls W1 to the stand to testify that he...

d. The contract of sale is W 3?. What is the effect to the contract of sale if the determination of the price is left to the judgment of a third person. where such third person or persons are...

POINTERS IN LAW 101LAW ON OBLIGATIONS AND CONTRACTSFor Multiple Choice Questions, Study the following:1.Future and certain event upon the arrival of which the obligation subject to it either arises...

Defendant Mariah Carey is a famous, successful and wealthy entertainer. Plaintiff Joseph Vian was her stepfather before she achieved stardom, but at the start of this litigation was in the process of...

L" 14. 15. 16. 17. 18. 19. 20. Future and certain event upon the arrival of which the obligation subject to it either arises or is terminated. That remedy granted by law to the contracting parties...

Business Law 1. Oliver wants to make sure his daughter Penelope is taken care of after he is gone. He sets up a trust to provide for all her needs with Raymond as the trustee. He then places most of...

1.In a certain department of a factory there are two shops. Total departmental overheads for a year are `1,20,000 and the estimated number of direct labour hour is 24,000 (10 men employed for 48...

Business Law 1. Peter is looking to buy a house from Mary, the current owner. Peter asks for a list of issues with the home. Mary writes a list but does not mention the roof despite knowing it leaks...

Directions: Prepare answers to the following chapter-end Critical Legal Thinking Cases from this week's reading. Case 13.5: Innocent Misrepresentation Case 20.1: Cure Your responses should be...

Under what conditions can the basic single-server and multiple-server models be used to analyze a multiple phase waiting line system?

Nelson Inc. purchased machinery at the beginning of 2014 for $90,000. Management used the straight-line method to depreciate the cost for financial reporting purposes and the sum-of-the-years-digits...

Which statement best describes the "Acts Discreditable Rule"? If a member violates the rule, the violation must be disclosed to all the member's future clients andemployers. If a member's...

Inventory records for Herb's Chemicals revealed the following: March 1, 2021, inventory: 1,950 gallons @ $9.10 per gallon = $17,745 Purchases: Sales: Mar. 10 790 gals @ $ 9.15 Mar. 5 590 gals Mar. 16...