Explain the elements of a valid contract. essay type
Q: Which is the best definition of a ‘general’ agent? a) An Agent who can only make a particular type…
A: The legal rules that govern the dynamic interaction between a principal and an agent are…
Q: Discjsss what is the scope of liability of the indemnifier in a contract of indemnity?
A: A contract of indemnity is a type of legal agreement between two parties, in which one party agrees…
Q: Define the term contract and list all the essentials of a valid contract.
A: Definition. An understanding between private gatherings making shared commitments enforceable by…
Q: steps in company registration, the nature of legal &corporate personality the enactment of status…
A: In this Explanation, we discussed the steps involved in company registration, the nature of legal…
Q: Why would a business support allowing a transfer of rights or duties to third parties?.
A: Transferring rights or duties to third parties is a common method for businesses to increase…
Q: How does the concept of time of the essence impact contract performance?
A: The concept of performance of a contract refers to the fulfillment of the obligations and duties…
Q: What is meant by ‘Assignment of contracts’ under the Contract Act, 1872? State any four rules…
A: Indian Contract Act 1872: The Indian Contract Act, 1872 defines the term “Contract” under its…
Q: The offer can be terminated for all of the following reason except
A: An offer is a conditional proposal made by a buyer or seller to buy or sell an asset, which becomes…
Q: Compare and contrast a cash-out combination and a management buyout.
A: Cash-out combination: It is used to eliminate minority shareholders by forcing the shareholders to…
Q: what is the importance of contracting in a business? Identify the three main elements necessary in…
A: Contract is a binding agreement between two or more parties who sign it.
Q: Discuss the elements that must be present to establish an implied contract.
A: The concept of an implied contract refers to a legally binding agreement between two parties that is…
Q: What is contract? rescission? and what is Homestead exemption? discharge & attachment ? Legal…
A: Contract The contract can be defined as a legally binding document between the define and the…
Q: Contract without consideration is an invalid contract. Explain with examples
A: An agreement without consideration is not considered valid.
Q: Explain the concept of a void contract in easy terms.
A: An agreement between parties that establishes legally enforceable duties for both parties is called…
Q: On Chapter 12, Recognizing Employee Contributions with Pay; define Principal and define Agent. Also,…
A: Employee contributions with pay are essential to be recognized by any company. It helps in knowing…
Q: Give any one exception to agreement in restraint of legal proceedings. Explain too.
A: The process of using the legal system to settle disputes or uphold rights is referred to as a legal…
Q: (1) Describe a contract you've entered into. (2) Identify the offeror, (3) the offeree and (4) the…
A: Detailed explanation: Let's delve into a recent contract I entered into: (1) The Contract:Recently,…
Q: List and explain the factors that influence the choice and type of contract Examples
A: Factors in selecting contract types. (a) Price rivalry. (b) Price examination. (c) Cost…
Q: Give three (3) examples of implied revocation of an agency. Discuss each example thoroughly
A: Implied revocation of an agency refers to the termination or cancellation of an agency relationship…
Q: What is the effect of variation of terms of the principal contract on a contract of guarantee?
A: A contract of guarantee is a legal agreement where one party, called the guarantor, agrees to take…
Q: v York from its previous ner. Khalil was eating a m Roots Café and mentione he owner that he would…
A: Business is an activity of making money or one’s living by producing some products or services or…
Q: xplain the legal concept of a contract of adhesion and how it is treated under the law.
A: One party has much more negotiating power than the other in a contract of adhesion and offers a…
Q: Explain the various rules that determine when an acceptance takes effect.
A: Acceptance is defined as the assent to the offer terms. It could be either be expressed implied or…
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: Compare and Contrast Contract of Sales and Contract of Agency.
A: Above question is answered below:
Q: Is there provision for payment of interest on delayed gratuity and what penalties exist for…
A: The Gratuity Act, officially known as the Payment of Gratuity Act, 1972, is a social security…
Q: Insufficiency of consideration is immaterial; but agreement without consideration is void. Discuss .
A: The legal framework governing the enforceable agreements between two or more parties is known as the…
Q: The articles of partnership is a written contract describing the terms of a partnership.;True or…
A: A partnership is a business form in which two or more individuals come together to conduct business…
Q: In a tenancy agreement, discuss and apply five of the elements of a valid contract to the agreement.
A: A contract becomes an agreement when it is enforced by the law and it holds some value in the eyes…
Q: An intoxicated person who enters into a contract without appreciating the rights and duties which…
A: Contract defines a mutual agreement which states about a promise which both parties have agreed to…
Q: Discuss the legal requirements for creating a valid and enforceable contract, including the elements…
A: Contract refers to an agreement between two parties that creates an legal obligation for both the…
Q: a Offer b. Acceptance c. Consideration C. a. Competent Parties = Intention to create a binding…
A: Contract hypothesis is the investigation of how individuals and associations build and foster…
Q: How can a party to a contract be discharged from performance, and what are the legal implications?
A: Discharge from performance in a contract refers to the release of obligations that were previously…
Q: Discuss the legal remedies available to principals and agents in the event of a breach of the agency…
A: An agency agreement is a legal contract between two parties known as the principal and the agent,…
Q: b) Write two elements of a contract of indemnity.
A: An indemnity agreement is an agreement between two parties in which one party (the indemnifier)…
Q: T F The articles of partnership is a written contractdescribing the terms of a partnership
A: Partnership is a formal arrangement, set up by two or more than two parties, who come together to…
Q: Set out & explain any five exclusive clauses found in a contract of sale of business.
A: A contract of sale of business typically includes a number of clauses that are designed to protect…
Explain the elements of a valid contract. essay type
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