Identify and fully descrbed each the four elements that must be present in order to have a binding contract name at least two types of contracts that must be in writing in order to be enforceable.
A contract is nothing but the legal binding between two or more parties that enter into a legal agreement. The contract is valid if there is an offer made, offer accepted and the consideration to be paid by the promise made.
A valid contract has four requirements. They must consist of offer, acceptance, consideration and intention of legal consequences.
The purpose of the contract is that it formalize the agreement between the parties so that it can be considered seriously. It prevent fraudulent conduct of one party to another. The expectation of both the parties are clearly stated in the legal document so it helps in minimizing disputes. A contract protects intellectual property and limits liability. It helps in building trust between the parties and provide peace of mind.
The statue of fraud is nothing but requirements for certain kind of contract that needs to be in a written form, signed by the parties involved with sufficient evidence. The main purpose is to prevent fraud and other types of injury.
It applies to certain types of contract and they are of six categories. This include contracts for sale of an interest in land, contracts that require to be performed in more than 1 year, contracts about someone else's debt assumed by other, contract in which marriage is a consideration, contracts for the sale of goods worth more than $500 and promises by executors or administrators.
So, the two types of contracts that must be in writing in order to be enforceable are sale of an interest in land and contracts that require to be performed in more than 1 year.
Identify and fully descrbed each the four elements that must be present in order to have...
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
1. What contracts must be in writing to be enforceable? 2. What are the elements of fraudulent misrepresentation? 3. Waterfront Hotels Corporation in Boston offers a job to Carol, who lives in Denver. Carol orally agrees to work for Waterfront for two years. She moves her family to Boston and begins work. Three months later, she is fired for no stated cause. She files a suit against the employer for reinstatement or pay. Waterfront pleads the lack of a written...
1: What is the difference between a void contract and a voidable contract? Explain. 2: What is the difference between an assignment and a delegation? 3: In what 3 circumstances can a delegation of duty be prohibited? 4: What contracts must be in writing to be enforceable? 5: What is the state statute that requires certain types of contracts to be in writing to be enforceable? 6: Suppose you apply to be a Jimmy John’s delivery driver but find that...
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...
Relative Electronegativities (two parts) Order (independently) each of the following two groups of four elements according to their relative electronegativities. ✓ most electronegative second most electronegative second least electronegative least electronegative
Relative Electronegativities (two parts) Order (independently) each of the following two groups of four elements according to their relative electronegativities. AI most electronegative second most electronegative second least electronegative least electronegative Mg 1pts Tries 0/5 Submit Answer F Br I 1pts Tries 0/5 Submit Answer Post Discussion Send Feedback
In order for the law of diminishing returns to be present, we must have a. at least one factor of production to be fixed. b. output decreasing as more laborers are hired. c. the price of labor increasing as more workers are hired. d. simultaneous changes in labor and capital. e. double the output when labor input is doubled.
need to see if i have everything right !!
6) From the list of financial elements on the next page, identify (a) the ones that are Start-Up Costs, (b) the ones that go in the Pro-Forma Statement, or (C) ones that are neither, i.e. ratios/analyses that are in the Balance Sheet. Put each of those elements in the correct list, and in their accurate order i.e. revenues first, then costs, etc.) Styles Styles ES ELEMENTS Revenue from consulting Product development...
Differentiate at least two or three key elements for each of the four primary forecasting techniques and how they apply to your chosen organization. Manufacturing Organization: Caterpillar
In the Affordable Care Act there are four categories of state Marketplace/Exchanges. Identify the four categories and provide a summary of each. There are five (metal) categories of plans that individuals can access through the Marketplace. Identify the five categories and discuss what types of services each provides. (Gold, silver, bronze, platinum) What new roles for nurses and others do you see developing in the age of the Affordable Care Act? Identify at least two new roles. Identify 2 key...