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BUSINESS LAW - CONTRACT LAW | COMPREHENSIVE QUESTIONS WITH SOLUTIONS

BUSINESS LAW - CONTRACT LAW QUESTIONS AND ANSWERS, GRADED A+ Contract - -between two or more parties that is enforceable by the court of law Elements of a contract - -1. Agreement = Proper author, Proper accepts 2. Consideration = For something of legal value ( I agreed to pay 10K to paint appartment , you agreed to do it) 3. Capacity 4. Genuine assent (author of text book points it out as defence) = 5/ Voluntary coming together 5. Legal purpose - The objective of the contract must b...

Business law - Contract Law Question with complete solution 2023Contract between two or more parties that is enforceable by the court of law Elements of a contract 1. Agreement = Proper author, Proper accepts 2. Consideration = For something of legal value ( I agreed to pay 10K to paint appartment , you agreed to do it) 3. Capacity 4. Genuine assent (author of text book points it out as defence) = 5/ Voluntary coming together 5. Legal purpose - The objective of the contract must be ...