Rele 1311 midterm - Study guides, Class notes & Summaries
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RELE 1311 MIDTERM UPDATED Exam Questions and CORRECT Answers
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RELE 1311 MIDTERM UPDATED Exam
Questions and CORRECT Answers
What are the essential elements of a valid contract? - Correct Answer- - the mutual assent of
the parties shown by offer and acceptance
- consideration
- capacity of the parties
- legality
- sometimes a writing
What is the purpose of a contract? - Correct Answer- The purpose of any contract is to set out
the terms and conditions of the agreement between the parties
Exam (elaborations)
RELE 1311 MIDTERM UPDATED Exam Questions and CORRECT Answers
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RELE 1311 MIDTERM UPDATED Exam Questions and CORRECT Answers What are the essential elements of a valid contract? - Correct Answer- - the mutual assent of the parties shown by offer and acceptance - consideration - capacity of the parties - legality - sometimes a writing What is the purpose of a contract? - Correct Answer- The purpose of any contract is to set out the terms and conditions of the agreement between the parties
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