Prepare a chart consisting legal rules for constituting a valid contract? with suitable examples?
Q: examples of landmark case laws where the offer is not clear ?
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Q: What is a contract law, specifically focusing on offer and acceptance?
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Q: Explain the essential elements of a valid contract, including offer, acceptance, consideration,…
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Q: What is the settlor's significance? Please provide an explanation.
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Q: Is it better to have a single set of rules for all types of contracts, or does it make sense to have…
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Q: Non-compete agreements are typically held to be illegal in most states. True False
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Q: Describe w hat are the key elements required to establish a contingent contract?"
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Prepare a chart consisting legal rules for constituting a valid contract? with suitable examples?
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- What are the key elements of a valid and enforceable contract, and what remedies are available in case of contract breaches?How is an offer accepted? Describe the rules for the manner of acceptance and its communiIf an issue arises after the completion of a transaction, which of the following actions should a salesperson take to remedy the situation? O slect one answer. The salesperson should act promptly and resolve any Issues that may arise before the parties take legal action. The salesperson should first review the agreement and verify the relevant information, to accurately advise the seller or buyer as required. The salesperson should first arrange for compensation and reimburse the buyer or seller for any loss they may have The salesperson should inform their client that since the transaction has closed, they are no longer obligated to provide further services to them. incurred.
- Business law-what is the functionalist view on zero hour contracts?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?
- What are assignments of contracts and what rights and obligations do they confer?What risks do buyers associate with each of the different types of contracts (fixed-price, incentive, or costs contracts)?What are the essential elements of a valid contract under business law, and how do they contribute to the enforceability of the contract?
- What is the importance of the settlor? Provide an explanationIdentify FOUR (4) ways to terminate a contract, esplain it briefly and include examplesa) List the five requirements for contract formation and give a short (approximately 1–2 sentences) description of each requirement.b) Choose one of the requirements from your answer to (a). Write a short (approxi- mately 5–10 sentences) example of a contract that does not satisfy this requirement and explain why.