Smith and Roberson’s Business Law
17th Edition
ISBN: 9781337094757
Author: Richard A. Mann, Barry S. Roberts
Publisher: Cengage Learning
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Chapter 10, Problem 5CO
Summary Introduction
To discuss: Different rules determining when an acceptance takes effect.
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Explain the various rules that determine when an acceptance takes effect.
The contractual element of agreement requires __________.
a.)
an offer with definite terms, but not an acceptance
b.)
an offer and acceptance in written form
c.)
mutual assent between persons
d.)
a verbally communicated offer and acceptance
What are the pre requisite for consent to be free so that the agreement is a valid contract
Chapter 10 Solutions
Smith and Roberson’s Business Law
Ch. 10 - Prob. 1COCh. 10 - Prob. 2COCh. 10 - Prob. 3COCh. 10 - Prob. 4COCh. 10 - Prob. 5COCh. 10 - Prob. 1QCh. 10 - Prob. 2QCh. 10 - Prob. 3QCh. 10 - Prob. 4QCh. 10 - Prob. 5Q
Ch. 10 - Prob. 6QCh. 10 - Prob. 7QCh. 10 - Prob. 8QCh. 10 - Prob. 9QCh. 10 - Prob. 10QCh. 10 - Prob. 11QCh. 10 - Prob. 12QCh. 10 - Prob. 13QCh. 10 - Prob. 14CPCh. 10 - Prob. 15CPCh. 10 - Prob. 16CPCh. 10 - Prob. 17CPCh. 10 - Prob. 18CPCh. 10 - Prob. 19CPCh. 10 - Prob. 20CPCh. 10 - Prob. 21CPCh. 10 - Prob. 22CPCh. 10 - Prob. 23CPCh. 10 - Prob. 1TSCh. 10 - Prob. 2TSCh. 10 - Prob. 3TS
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- The actual transfer of title is made - when deed is recorded at the closing - when the contract is signed by the seller - when the deed is signed and delivered by the grantorarrow_forwardWhat is the legal definition of a contract and what elements are necessary for a contract to be valid and enforceable?arrow_forwardB. Conditions of Contract define the basic rights, responsibilities and relationships of the parties involved in the construction. Conditions of Contract can be classified as follows: i. General Conditions ii. Supplementary Conditions iii. Special Conditions. The Client has submitted to you several suggestions to be embedded in the contract document. You have noticed that all the suggestions fall under any of these contract conditions. How do you categorize the said suggestion base on your understanding of the above listed conditions of contract?arrow_forward
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