With reference to contract law define the following: a) offer b)acceptance c) consideration d) intention to be legally bound e) capacity
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With reference to contract law define the following:
a) offer
b)acceptance
c) consideration
d) intention to be legally bound
e) capacity
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- Which of the following statements most adequately describes the contract law concept of consideration? Services Money The thing of value given for a promise Doing something nice for anotherWhat risks do buyers associate with each of the different types of contracts (fixed-price, incentive, or costs contracts)?Why have the government agencies generally resisted the idea that the contracting officer should be required to negotiate with all firms that submit proposals?
- Describe Win-win negotiationsDescribe the payment system and incentive idea for two different kinds of negotiated contracts.Parties to a contract ('the Pre-existing Contract) may terminate the contract by entering a further contract, which discharges the Pre-existing Contract. Group of answer choices True False
- In terms of contract law, what is meant by the phrase "meeting of the minds"? The two parties have met but have yet to agree to the terms and conditions of the contract. One party has a list of their desired terms and conditions and is ready to meet with the other party to discuss them. Both parties to the contract have a general idea of what they want but the specifics still need to be worked out. All the terms and conditions needed for full acceptance of the offer have been agreed upon by the two parties to the contract.Prepare a case analysis with 2000-3000 words for the following: A contract forms when one person makes an offer, and another person accepts it by communicating their assent or performing the offer's terms. If the terms are certain, and the parties can be presumed from their behavior to have intended that the terms are binding, generally the agreement is enforceable. While agreement is the basis for all contracts, not all agreements are enforceable. A preliminary question is whether the contract is reasonably certain in its essential terms, such as price, subject matter and the identity of the parties. Requirements 1- An introduction and a conclusion. 2- A critical discussion on the concept of what is an offer, inclusive of the various requirements of an effective and valid offer, with…Describe the requirements of a valid contract. If a contract is written unclearly, what happens? Please provide examples to illustrate your points.
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