What do the parties actually do when they make a contract?

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What do the parties actually do when they make a contract?

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Answer 1

Answer #1

First there is an offer from a party to another party. The terms with respect to offer and consideration are accepted and the contract is entered into. The contract may be in writing or other form.

next the party accepting the offer needs to perform the obligation as per the contract. When completed the contract is discharged.

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What do the parties actually do when they make a contract?

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What do the parties actually do when they make a contract?

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