Explain the concept of a void contract in easy terms.
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A: A contract is an arrangement that establishes a legal obligation or liability between two or more…
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A: The objective of the question is to identify who has the right to perform a contract. In the context…
Q: How is performance under a contract determined to be sufficient to discharge the duty to perform?
A: Performance in law is act of doing that which is required by a contract. Each party who has signed…
Q: explain who might breach a contract because of malpractice
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A: Detailed explanation: Let's delve into a recent contract I entered into: (1) The Contract:Recently,…
Q: Define the term "unconscionable" and describe the effect of an unconscionable contract.
A: Unconscionable: Unconscionable defines that unusually harsh and shocking to the…
Q: What are the key elements of a valid contract, and what remedies are available for breach of…
A: A valid contract is a legally binding agreement that involves the mutual exchange of promises or…
Q: The articles of partnership is a written contract describing the terms of a partnership.;True or…
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Q: Explain the elements of a valid contract. essay type
A: A contract is a legally binding agreement between two or more parties, enforceable by law. The…
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A: Contracts are legally binding agreements between two or more parties, which specify the terms and…
Q: A contract may be discharged by several ways. Discuss the ways and give your view on each of the way…
A: Discharge of a Contract The term discharge of a contract means the termination of the contract. A…
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A: Residential property condition disclosure statements are important legal documents that sellers are…
Q: What are the elements of a contract? Explain who the parties of a contract might be.
A: A contract is a legally binding document between two o more parties that defines and governs the…
Q: Explain the process and legal requirements involved in drafting and enforcing contracts in business…
A: Drafting and enforcing contracts is a crucial aspect of business transactions. Contracts serve as…
Q: Explain Subcontracting?
A: Subcontractor is a person who is being awarded a portion of an existing contract by a principal or…
Explain the concept of a void contract in easy terms.
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- Provide the legal definition of a contract.Explain between Casual Confidentiality and Legal ConfidentialityWhat 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?
- What is the basis for enforcing a contract under the doctrine of promissory estoppel?Late one evening Charles and Henry are discussing the purchase and sale of $2,500 of coffee shop equipment after entrepreneurship class. They are in the classroom when Henry writes their agreement on the classroom whiteboard and both Henry and Charles sign it on the whiteboard. Discuss if this whiteboard document is sufficient to provide a binding written agreement?What are assignments of contracts and what rights and obligations do they confer?
- WHAT IS THE MEANING OF THE OBJECTIVE THEORY OF CONTRACTS AND HOW DOES THE OBJECTIVE THEORY OF CONTRACTS RELATE TO CONTRACTUAL INTENT?Explain the concept of contract law. What are the essential elements of a contract, and what types of contracts are enforceable? What remedies are available for breach of contract, and what steps can a business take to minimize its liability for breach of contract?Explain how the following became sources of an obligation 1. Law 2. Contract 3. Quasi-contract 4. Acts or Omission punished by law
- The listing agreement compensates the firm and agent that bring the property to market as well as the firm and agent that brings the buyer. How does the choice to decline a buyers agent effect the cost to the seller? Explain how a seller-sub agent bringing a buyer differs for the buyer from choosing a buyers agent to represent you as a buyer. The sellers sub-agent has a fiduciary responsibility to what party? Why is the idea "I don't want to pay an agent to work in my interest as the buyer" is flawed in it's logic and understanding of the structure of the listing agreement.5. List the six (6) types of contracts that must be in writing.Discuss the relevance and importance of a contractual relationship. Identify the various types of contracts that are required to be in writing.