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BUSINESS LAW (LOOSE)-W/ACCESS >CUSTOM<
16th Edition
ISBN: 9781305768697
Author: Mann
Publisher: Cengage Learning
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Question
Chapter 12, Problem 2CO
Summary Introduction
To discuss: The illusory promises, output contracts, requirements contracts, exclusive dealing contracts, and conditional contracts.
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Students have asked these similar questions
Define the term contract .
(b) Explain the essentials of a valid contract. You may use cases or examples where possible.
Prepare a chart consisting legal rules for constituting a valid contract? with suitable examples?
You are required to fully advise Jackson as to what constitutes a valid contract in law.in your discussion, you must also provide practical examples for each element that you have listed
Chapter 12 Solutions
BUSINESS LAW (LOOSE)-W/ACCESS >CUSTOM<
Ch. 12 - Prob. 1COCh. 12 - Prob. 2COCh. 12 - Prob. 3COCh. 12 - Prob. 4COCh. 12 - Prob. 5COCh. 12 - Prob. 1QCh. 12 - Prob. 2QCh. 12 - Prob. 3QCh. 12 - Prob. 4QCh. 12 - Prob. 5Q
Ch. 12 - Prob. 6QCh. 12 - Prob. 7QCh. 12 - Prob. 8QCh. 12 - Prob. 9QCh. 12 - Prob. 10QCh. 12 - Prob. 11QCh. 12 - Prob. 12CPCh. 12 - Prob. 13CPCh. 12 - Prob. 14CPCh. 12 - Prob. 15CPCh. 12 - Prob. 16CPCh. 12 - Prob. 17CPCh. 12 - Prob. 18CPCh. 12 - Prob. 19CPCh. 12 - Prob. 20CPCh. 12 - Prob. 1TSCh. 12 - Prob. 2TSCh. 12 - Prob. 3TS
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Similar questions
- What is the legal definition of a contract, and what are the requirements for a contract to be enforceable?arrow_forwardWhat is the difference between a void contract and a voidable contract?arrow_forwardExplain 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_forward
- Give the requisites of things as object of the contract? Explain each by giving examples or cases that you knowarrow_forwardExplain the essential elements of a valid contract, including offer, acceptance, consideration, intention to create legal relations, and capacity. Discuss how these elements apply to real-world contract scenarios.arrow_forwardDoes a contract has to be in writing to be legally enforceable?arrow_forward
- Every transaction in business creates a contract (agreement) between the parties. To determine whether a valid, enforceable contract exists, certain questions must be answered. Discuss what conditions must take place in order for a contract to be valid, and provide some examples of where contracts come into play in daily life.arrow_forwardWhat is the legal definition of a contract and what elements are necessary for a contract to be valid and enforceable?arrow_forwardWhat is the difference between void and voidable contracts?arrow_forward
- What are the essential elements that must be present in a contingent contract for it to be valid and enforceable?arrow_forwardPlease discuss what are the essential elements that must be present in a contingent contract for it to be valid and enforceable?arrow_forwardWhich of the following is true of a severable contract? Multiple Choice It must be enforced or rejected in its entirety. It contains multiple parts that need to be performed collectively. It has both legal and illegal portions in the contract. It needs complete performance by both parties.arrow_forward
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