Business Management

University of Sunderland (UoS)

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Exam (elaborations)

Aspects of Contract and Negligence for Business
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16

September 2022

2019/2020

A
Contract is an agreement creating obligations enforceable by law and are binding all the parties which have mutually decided for the settlement. The basic elements of a contract are mutual assent, consideration, capacity, and legality. In some states, the element of consideration can be satisfied by a valid substitute (Soyer and Tettenborn, 2014).
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