Describe the requirements of a valid contract. If a contract is written unclearly, what happens? Please provide examples to illustrate your points.
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A: Contract is a binding agreement between two or more parties who sign it.
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Q: Let's say that the owner of a home says "come over next Wednesday to mow my lawn and every week…
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A: Discharge of a Contract The term discharge of a contract means the termination of the contract. A…
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- 1) summarizing whether you believe that contracts are promises 2) Analysis whether and why contracts and promises should be treated the same or differently 3) in your analysis, consider the potential economic, legal and moral consequences of your answer.A contract requires payments of $8,000 and $6,000, 30 days and 60 days, respectively, from today. What is the value of the contract today if the payments are discounted to yield a rate of return of 6% simple interest?What are the terms used for the parties involved in the offers and negotiations leading up to the final contract? offeree and counteror offeror and recipient offeror and counteror offeror and offeree
- You'll read about "Adhesion Contracts" which are a type of contracts that are challenged more often than other types of contracts, due to potentially unconscionability. Whether you realize it or not, you've all entered into an adhesion contract at some point, and most of you have probably entered into many of them. Think back to some of the adhesion contracts you've agreed to, and discuss one or more of those contracts that you think might have been unconscionable, and whether you think you would have been able to get out of them if you had tried. In other words, your answer should: 1. Name/explain the contract you have in mind. 2. Explain whether you think the contract was substantively unconscionable and why or why not. 3. Explain whether you think the contract was procedurally unconscionable, and why or why not. Remember 4. Then explain whether the contract was actually unconscionable and voidable due to your answers to Questions 2 and 3 above. PLEASE ANSWER EACH QUESTION AT…what is the functionalist view on zero hour contracts?Which of the following represents the MOST accurate contractual definition of "consideration"? something valuable that each party exchanges in order to demonstrate that they agree to the contract's terms earnest money something that both parties to the contract perceive as valuable something perceived as valuable by at least one party to the contract
- 1) What is a Contract and what are its elements? 2) When is there a VALID OFFER? 3) What is Breach of Contract? 4) Differentiate Void from Voidable Contacts. 5) When is there Undue Influence in a Contract?Contracts are meant to be broken. What happens when you breach a contract? Find a case and explain what went wrong with the contractual situation, what was the outcome and the remedy. Did the Parties need to mitigate damages? How would you have handled the situation to avoid the outcome of breach? Are you in agreement with the outcome? Why? Remember to cite the case name and give us a factual background as to what happened.What are the two exceptions to the general rule that an entity should allocate the transaction price based on the relative standalone selling price? Are the percentage-of completion and the completed contract methods both viable alternatives for a given contract Explain Does aggregating the five components of pension cost always result in a reduction in income? Do corporations report the projected benefit obligation and the plan assets as individual accounts on the sponsor corporation’s balance sheet?