*NURSING > SOPHIA Milestone > Sophia-Business Law-Touchstone-AC - Updated (All)
Sophia-Business Law-Touchstone-AC - Updated Elements of a Legal Contract Addison Clark BUS3021: Business Law Capella University September 22, 2020 Elements ... of a Legal Contract Question 1 A legal contract is an agreement between two parties that can be enforced by law. The script shows a discussion between Laura and Jim and Stan from the car salesman. A valid legal contract includes the following elements. 1. Offer and Acceptance: For a contract to be valid, it must be a "legal offer" on the one hand and a "legal acceptance" on the other. The motion must comply with default laws governing acceptance and jurisdiction. In the case study, Stan gives Laura and Jim a refundable refund of $ 100,000, and they both agree. Stan's offer and acceptance of Jim and Laura are legal and valid (Kumar, 2012). 2. The intention to establish a legal relationship: Both parties must express their intention to establish a legal relationship. Social agreements or agreements based on local character are void. Jim, Laura and Stan have indicated that they intend to establish a legal relationship on ……………………………….CONTINUED…………………………. [Show More]
Last updated: 1 year ago
Preview 1 out of 5 pages
Connected school, study & course
About the document
Uploaded On
Feb 08, 2021
Number of pages
5
Written in
This document has been written for:
Uploaded
Feb 08, 2021
Downloads
0
Views
230
In Browsegrades, a student can earn by offering help to other student. Students can help other students with materials by upploading their notes and earn money.
We're available through e-mail, Twitter, Facebook, and live chat.
FAQ
Questions? Leave a message!
Copyright © Browsegrades · High quality services·