MINDTAP BUSINESS LAW FOR MANN/ROBERTS S
17th Edition
ISBN: 9781337094498
Author: Roberts
Publisher: IACCENGAGE
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Question
Chapter 10, Problem 5CO
Summary Introduction
To discuss: Different rules determining when an acceptance takes effect.
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Students have asked these similar questions
How is an offer accepted? Describe the rules for the manner of acceptance and its communi
The contractual element of agreement requires __________.
a.)
an offer with definite terms, but not an acceptance
b.)
an offer and acceptance in written form
c.)
mutual assent between persons
d.)
a verbally communicated offer and acceptance
What are the pre requisite for consent to be free so that the agreement is a valid contract
Chapter 10 Solutions
MINDTAP BUSINESS LAW FOR MANN/ROBERTS S
Ch. 10 - Prob. 1COCh. 10 - Prob. 2COCh. 10 - Prob. 3COCh. 10 - Prob. 4COCh. 10 - Prob. 5COCh. 10 - Prob. 1QCh. 10 - Prob. 2QCh. 10 - Prob. 3QCh. 10 - Prob. 4QCh. 10 - Prob. 5Q
Ch. 10 - Prob. 6QCh. 10 - Prob. 7QCh. 10 - Prob. 8QCh. 10 - Prob. 9QCh. 10 - Prob. 10QCh. 10 - Prob. 11QCh. 10 - Prob. 12QCh. 10 - Prob. 13QCh. 10 - Prob. 14CPCh. 10 - Prob. 15CPCh. 10 - Prob. 16CPCh. 10 - Prob. 17CPCh. 10 - Prob. 18CPCh. 10 - Prob. 19CPCh. 10 - Prob. 20CPCh. 10 - Prob. 21CPCh. 10 - Prob. 22CPCh. 10 - Prob. 23CPCh. 10 - Prob. 1TSCh. 10 - Prob. 2TSCh. 10 - Prob. 3TS
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Similar questions
- Explain the key elements of a valid contract, including offer, acceptance, consideration, capacity, and legality. Provide examples to illustrate each element and discuss how contracts can be enforceable or voidable.arrow_forwardDefine the term contract . (b) Explain the essentials of a valid contract. You may use cases or examples where possible.arrow_forward1. Based on the facts given in hypothetical contract scenario drafted in Part 1, identify the following elements: C a Offer b. Acceptance c. Consideration d. Competent Parties e. Intention to create a binding agreement 1. Legality of Purposearrow_forward
- B. Conditions of Contract define the basic rights, responsibilities and relationships of the parties involved in the construction. Conditions of Contract can be classified as follows: i. General Conditions ii. Supplementary Conditions iii. Special Conditions. The Client has submitted to you several suggestions to be embedded in the contract document. You have noticed that all the suggestions fall under any of these contract conditions. How do you categorize the said suggestion base on your understanding of the above listed conditions of contract?arrow_forwardThe actual transfer of title is made - when deed is recorded at the closing - when the contract is signed by the seller - when the deed is signed and delivered by the grantorarrow_forwardWhat is the legal definition of a contract and what elements are necessary for a contract to be valid and enforceable?arrow_forward
- Discuss the legal requirements for creating a valid and enforceable contract, including the elements that must be present.arrow_forwardThe four agree to a formula under which they will price the shares pursuant to granting each other the right to buy the shares of an owner who decides to sell. This is an example of what kind of restriction on transfer? Multiple Choice Provision disqualifying purchasers Put agreement Consent constraint Buy-and-sell Option agreementarrow_forwardHow does ratification affect the rights and obligations of the principal and the agent in relation to each other?arrow_forward
- Consideration is a key requirement of all contracts. Define consideration and give examples of each element.arrow_forwardLate one evening Charles and Henry are discussing the purchase and sale of $2,500 of coffee shop equipment after entrepreneurship class. They are in the classroom when Henry writes their agreement on the classroom whiteboard and both Henry and Charles sign it on the whiteboard. Discuss if this whiteboard document is sufficient to provide a binding written agreement?arrow_forwardA contract of sale is distinct from other types of contracts because it has two additional requirements for validity. In order for a valid sale agreement to be concluded, the parties must agree on i) the object of sale and ii) on the purchase price. Briefly explain what each of these two requirements entailarrow_forward
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