True/False An fully express contract is one in which the term are fully stated.
Q: oes a contract has to be in writing to be legally enforceable?
A: A type of document on which both the parties agree to the terms and conditions of the agreement is…
Q: Standard form contracts are just as enforceable between businesses as contracts that result from…
A: Standard form contracts refer to the contracts between two businesses or parties that do not permit…
Q: Explain and give example about article 1325 and 1326 (Chapter 2 - Essential Requisites of Contract)
A: The Philippines' Civil Code establishes the nation's legal foundation for contracts. The Civil…
Q: An executed contract is a contract that has been written by an executive. Group of answer choices…
A: An agreement that has been fully negotiated, examined, and agreed upon by all parties concerned is…
Q: Give the effect of the perfection of a contract? Explain by giving examples or cases that you know
A: When the components of consent, object, and consideration are present, a contract is called…
Q: A guaranty type contract, where a 3rd party guarantees the payment for another, must be in writing.…
A: A guaranty-type contract, guided by the Statute of Frauds, holds a significant role in contractual…
Q: You are required to fully advise Jackson as to what constitutes a valid contract in law.in your…
A: A valid contract is a legally binding agreement between two or more parties that meets all the…
Q: Contract without consideration is an invalid contract. Explain with examples
A: An agreement without consideration is not considered valid.
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: Distinguish an ordinary contract from an obligation
A: The government and its authority develops a rule of conduct that is called law . Under this…
Q: Prepare a chart consisting legal rules for constituting a valid contract? with suitable examples?
A: A specific contract is termed as a valid contract when it satisfies the standards for being upheld…
Q: Contracts have to comply with prescribed formalities not only to be valid but also to be effective…
A: A contract is an agreement between two or more parties who agrees to create a commitment. It is a…
Q: Enlist and define all the essentials of a valid contract with the help of appropriate example
A: a contract that satisfies all the essentials of a valid contract is termed a valid contract.
Q: This is the "meeting of the minds" required for a valid contract. It can be destroyed by fraud,…
A: Business law is the aspect of the law that redescribes the rules, regulations, and laws that are…
Q: Define the term contract . (b) Explain the essentials of a valid contract. You may use cases or…
A: INTRODUCTION: A contract is a consensus among two or more parties that makes a legal commitment. It…
Q: Discuss what are the types of guarantee that can be given under a contract of guarante
A: The contract of guarantee also known as the contract of surety can be described as the specific…
Q: What are the two exceptions to the general rule that an entity should allocate the transaction price…
A: Exemptions are rules which limit the degree of other more broad standards, and render that just and…
Q: Many retail lease agreements require a lessee to remove its leasehold improvements before vacating…
A: In a lease contract, lessee can make improvements to the property if they are agreed to do so.…
Q: Which of the following is true of a severable contract? Multiple Choice It must be enforced or…
A: A contract refers to the legal agreement between the two parties to perform of not to perform…
Q: The actual transfer of title is made - when deed is recorded - at the closing - when the contract is…
A: A title transfer is a variation on possession of assets or goods from the seller to the buyer and a…
Q: Discuss why it is necessary for a contract to be in a written form
A: An agreement is a proper record, acknowledged by the two players, boss, and worker, and is the base…
Q: T/F All contracts involve promises and every promise is a legal contract .
A: Contracts refer to agreements made between two or more parties that result in legal obligations.…
Q: When does the buyer obtain real right over the fruits of the determinate thing sold in a contract of…
A: When does the buyer obtain real right over the fruits of the determinate thing sold in a contract of…
Q: The general rule is that no formalities are prescribed for the validity of a contract. True or…
A: There are no formalities needed for the validity of a contract if all of the conditions for validity…
Q: Describe the requirements of a valid contract. If a contract is written unclearly, what happens?…
A: Contract refers to the legal agreement between two or more parties that is enforceable by law. For a…
Q: Use a clear example to demonstrate when a valid and legal contract can be declared void and explain…
A: A contract is void if, after it has been entered into, it becomes impossible or unlawful to carry…
Q: Consideration in contract terms, refers to a party's competency to enter into a contract.…
A: Contracts are legally enforceable agreements that specify the conditions of an exchange of goods,…
Q: PLEASE WRITE AN EXAMPLE OF A VOID CONTRACT (ANYTHING THAT IS VOID). IT SHOULD BE A ONE PAGE…
A: Contract: It illustrates the agreement that is established between two or more people. When one…
True/False
An fully express contract is one in which the term are fully stated.
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