This is the "meeting of the minds" required for a valid contract. It can be destroyed by fraud, misrepresentation, mistake, duress, or undue influence. consideration capacity to contract genuine agreement offer and acceptance
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- A contract may be discharged by several ways. Discuss the ways and give your view on each of the way of discharge.A letter of acceptance sufficiently stamped and duly addressed is put into course of transmission. There is a. a contract voidable at the option of acceptor b. a contract voidable at the option of offerer, c. no contract at all, d. a valid contracta. True or false Under the objective theory of contracts, the intention to enter into a contract is judged by all the observable relevant outward, objective facts as interpreted by a reasonable person. b. true or false A unilateral offer is accepted by the Offeree doing the act requested by the offeror.
- Describe w hat are the key elements required to establish a contingent contract?"What are the main elements of a valid contract and how do they contribute to the enforceability of a contract under business law?What are the key elements of a valid and enforceable contract, and what remedies are available in case of contract breaches?
- Describe the primary methods for discharging a contract.Because fixtures can be detached from the land, thereby reverting back to personal property, what is a best practice with respect to the creation of a sales contract? to assume that the buyer will ask about any items of interest to not list anything that is to be included in the contract so that easy concessions can be made during the counteroffer phase to assume that the buyer will understand that anything that can be detached will be detached to list everything that is to be included in the contractThe four agree to a formula under which they will price the shares pursuant to granting each other the right to buy the shares of an owner who decides to sell. This is an example of what kind of restriction on transfer? Multiple Choice Provision disqualifying purchasers Put agreement Consent constraint Buy-and-sell Option agreement
- 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 offereeWhich 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 contract1) 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?