Who has right to perform a contract?
Q: Every transaction in business creates a contract (agreement) between the parties. To determine…
A: A contract is an arrangement that establishes a legal obligation or liability between two or more…
Q: Define subcontracting?
A: Subcontracting means the process where the company enters into a contractual agreement with an…
Q: How does corporate law regulate the formation and execution of contracts on behalf of a company by…
A: Corporate law, also known as company law or business law, is a branch of legal practice that governs…
Q: oes a contract has to be in writing to be legally enforceable?
A: A type of document on which both the parties agree to the terms and conditions of the agreement is…
Q: what are some ethical considerations needed when entering into a contract
A: When entering into a contract, several ethical considerations should be taken into account. These…
Q: What are the complications of negotiable interests and when a holder in due course is vulnerable to…
A: Negotiable instruments work as lawful records that describe a right to receive a precise amount of…
Q: In what ways can one successfully ensure that he or she does not lock out any business in the event…
A: For any business enterprise, it is extremely important to secure numerous contracts in order to…
Q: What is contract? Discuss the essential of a valid contract?
A: Contracts are an integral part of business and personal transactions, as they provide a legally…
Q: What is Contract in business law and why is it important?
A: Contracts are a fundamental aspect of business law that involves legally binding agreements between…
Q: Explain situations in which open tendering exercise might not be the best approach to making a…
A: Open tendering, also known as open competitive bidding, is a procurement method where the buyer…
Q: er into Contract of Sal
A: The legal ability to purchase and sell applies to all people who can bind themselves, regardless of…
Q: Thoroughly explain five different parts of an insurance contracts and what purpose each serves. Give…
A: The agreement between 2 parties, one called the insurer and the other as insured, where insured pays…
Q: Cherie is a keen squash player. She books one of the local Council’s courts for an hour and pays…
A: In this scenario, Cherie, an avid squash player, books a squash court from the local Council for an…
Q: What are the Bidder's obligations?
A: Bidder: Is a party who is willing to buy an asset from a seller at a specific price. In most cases,…
Q: what is Consolidated declaration
A: A tool called the Consolidated Declaration was created to make it easier for certified air express…
Q: Contract without consideration is an invalid contract. Explain with examples
A: An agreement without consideration is not considered valid.
Q: Explain the concept of a void contract in easy terms.
A: An agreement between parties that establishes legally enforceable duties for both parties is called…
Q: what are two ways in which the duties of an administrator differ from those of an executor?
A: Executors and adminstrators both are fiducaries, with high degree of power granted by the law. They…
Q: SECTION B Read the following extract and then answer the question below Two business entities come…
A: Selling off all of a company's assets in order to pay off its financial obligations is the process…
Q: List and explain the factors that influence the choice and type of contract Examples
A: Factors in selecting contract types. (a) Price rivalry. (b) Price examination. (c) Cost…
Q: Identify the three types of contractualmarketing systems.
A: The middlemen such as wholesalers distributors agents and brokers are important parties in a…
Q: What is the effect of variation of terms of the principal contract on a contract of guarantee?
A: A contract of guarantee is a legal agreement where one party, called the guarantor, agrees to take…
Q: What happens if the pledged property is destroyed or lost while in the possession of the pledgee?
A: When a borrower pledges property as collateral for a loan or debt, the pledged property serves as a…
Q: Prepare a chart consisting legal rules for constituting a valid contract? with suitable examples?
A: A specific contract is termed as a valid contract when it satisfies the standards for being upheld…
Q: Why do businesses prefer express contracts to implied contracts?
A: An express contract is a contract formed between parties through a verbal or written agreement that…
Q: What are the key elements of a legally enforceable contract?
A: A contract is a formal, written agreement between at least two parties outlining their respective…
Q: What is meant by performance of contract?
A: The term 'performance of contract' refers to the act of carrying out the duties, obligations, and…
Q: When would a convertibility feature be exercised by a bondholder
A: Convertible bonds refer to those type of bonds which can be converted into stock by the bondholder.…
Q: What is a valid contract and what are it consequences
A: The legal concept of duty is a legal contractual connection that allows parties concerned to do or…
Q: what does it mean to terminate a contract by operation of law? Death of seller and broker?…
A: A contract is a link constructed with integrity and enchantment that acts as a sign of confidence in…
Q: Signed contracts that permit one company to allow another to use its assets are known as which of…
A: Signed contracts are also known as legally bounding agreements.
Q: Describe the primary methods for discharging a contract.
A: A contract is discharged by order of the court. In some cases, such as insolvency or the death of…
Q: What would you include in an article of partnership agreement?
A: A partnership agreement is an agreement that is formed between two or more people, the minimum is 2…
Who has right to perform a contract?
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