What are the four elements of a valid contract
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Offer– most vital essentials to form a valid contract. It must consist of a firm and definite promise or several promises.
Acceptance– manifestation on the part of the offeree, which he/ she unconditionally agree to the conditions/terms of the offer.
Intention to create legal relations-‘intention to form’ a legally binding agreement or contract.
Consideration-consideration in the contract can be mentioned as “something of value”.
_______ is the first of the four elements of a valid contract
_______ is the first of the four elements of a valid contract A) a. Consideration B) b. Capacity C) c. Mutual assent D) d. Legality
1 The elements for a valid contract do NOT include:
1 The elements for a valid contract do NOT include: a. assent. O b. capacity. c. consideration. d. a fair price2 Consideration is not required in: a. agreements to modify employment contracts. b. employment contracts. c. agreements to modify contracts for the sale of goods. d. contracts for the sale of goods.3 A discharge by operation of law occurs in all of the following situations except: a. accord and satisfaction. b. material changes by a party. c. bankruptcy d. statute of limitations. 4 A...
Discussion Starter: Contract and it's elements for being a valid contract. Discussion: Case: King v. Head...
Discussion Starter: Contract and it's elements for being a valid contract. Discussion: Case: King v. Head Start Family Hair Salons, Inc. 885 So.2d 769, Supreme Court of Alabama, 2004 Facts: Kathy King was a single mother supporting a college-age daughter. For 25 years, she had worked as a hairstylist. For the most recent 16 years, she had worked at Head Start, which provided haircuts, coloring, and styling for men and women. King was primarily a stylist, though she had also...
Prompt Discussion Starter: Contract and it's elements for being a valid contract. Discussion: Case: King v....
Prompt Discussion Starter: Contract and it's elements for being a valid contract. Discussion: Case: King v. Head Start Family Hair Salons, Inc. 885 So.2d 769, Supreme Court of Alabama, 2004 Facts: Kathy King was a single mother supporting a college-age daughter. For 25 years, she had worked as a hairstylist. For the most recent 16 years, she had worked at Head Start, which provided haircuts, coloring, and styling for men and women. King was primarily a stylist, though she had...
In 1999, a Seattle man took a popular soft-drink company seriously when one of its commercials made an offer of a Harrier jet, the famous high-tech jump jet used by the U.S. Marines. In a television c...
In 1999, a Seattle man took a popular soft-drink company seriously when one of its commercials made an offer of a Harrier jet, the famous high-tech jump jet used by the U.S. Marines. In a television commercial that aired in 1995, the company jokingly included the Harrier as one of the prizes that could be received with a mere 7 million company points. Although that sounds like a lot of points to get from drinking the soft drink company's products...
3. Intent to enter into a contract is important in the contract’s formation. Intent is determined...
3. Intent to enter into a contract is important in the contract’s formation. Intent is determined by the objective theory of contracts. That is, it is judged by outward, objective facts as they would be interpreted by a reasonable person, rather than by the party’s own secret, subjective intentions. Summarize your understanding the objective theory, and identifying facts and circumstances that should be considered by the court when enforcing the contract, in determining what are the terms of the contract?...
Discuss the four components of a valid contract and apply them to a contract with a...
Discuss the four components of a valid contract and apply them to a contract with a vendor to purchase a new CT scanner. What would you include in the contract? How would you be sure it would be valid?
Lee and Mary want Nick to replace Lee as a party to their contract. They can...
Lee and Mary want Nick to replace Lee as a party to their contract. They can best accomplish this by agreeing to an accord and satisfaction. an assignment. a novation. a nullification. Which of the following is a true statement? In a limited liability company in the U.S., members cannot participate in management. In a limited liability company in the U.S. members must participate in management. The typical state limited liability company (LLC) statute in the U.S. would provide that...
What are the essential elements of a contract? Make sure you fully explain what each of...
What are the essential elements of a contract? Make sure you fully explain what each of these elements are and why they are all needed to make a contract valid and enforceable. Your initial post of at least 250 words
A. the law of contracts while a contract may be simply defined as a binding agreement that the co...
a. the law of contracts while a contract may be simply defined as a binding agreement that the court will enforce, in the more formal sense it is comprised of several essential elements. 1) identify the essential elements of contracts and discuss how they apply to the formation of a contract 2) common law, as well as various statutes (e.g. uniform commercial code), specifically governs certain types of contracts. name and describe a type of contract that is governed by...
Discussion Starter: Contract and it's elements for being a valid contract. Discussion: Case: King v. Head Start Family Hair Salons, Inc. 885 So.2d 769, Supreme Court of Alabama, 2004 Facts: Kathy King was a single mother supporting a college-age daughter. For 25 years, she had worked as a hairstylist. For the most recent 16 years, she had worked at Head Start, which provided haircuts, coloring, and styling for men and women. King was primarily a stylist, though she had also...
Prompt Discussion Starter: Contract and it's elements for being a valid contract. Discussion: Case: King v. Head Start Family Hair Salons, Inc. 885 So.2d 769, Supreme Court of Alabama, 2004 Facts: Kathy King was a single mother supporting a college-age daughter. For 25 years, she had worked as a hairstylist. For the most recent 16 years, she had worked at Head Start, which provided haircuts, coloring, and styling for men and women. King was primarily a stylist, though she had...
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