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 9, Problem 5CO
Summary Introduction
To discuss: The 3 factors of enforceable quasi contract and explain how it varies from a contract.
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With reference to contract law ,identify and explain the elements that need to be present
to form a valid contract?
What are the implications of breach of contract, and what legal remedies are available to parties in these situations?
How can a party's conduct or behavior give rise to an implied contract?
Chapter 9 Solutions
Smith and Roberson’s Business Law
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Similar questions
- what is the rule regarding the ability of a person who is not a party to a contract to enforce a contract?arrow_forwardHow are duties discharged by a party under a contract?arrow_forwardWhat is the legal definition of a contract, and what are the requirements for a contract to be enforceable?arrow_forward
- Please discuss what are the essential elements that must be present in a contingent contract for it to be valid and enforceable?arrow_forwardThe Sale of Goods Act 1957 applies to sale of goods contracts which are defined in the Act. Its provision do not apply to any other types of contract. The terms of contract define the rights and duties arising under the contract Sale of Goods and it is include the implied terms.Discuss the above statement accordingly to implied term under Sale of Goods Act 1957.arrow_forwardA contract of sale is distinct from other types of contracts because it has two additional requirements for validity. In order for a valid sale agreement to be concluded, the parties must agree on i) the object of sale and ii) on the purchase price. Briefly explain what each of these two requirements entailarrow_forward
- WHAT IS THE MEANING OF THE OBJECTIVE THEORY OF CONTRACTS AND HOW DOES THE OBJECTIVE THEORY OF CONTRACTS RELATE TO CONTRACTUAL INTENT?arrow_forwardA contract becomes binding for the parties to the contract only when it satisfies some essential prerequisites. Discuss.arrow_forwardContract law “The purpose of contract law is to give effect to the reasonable expectations of the parties to a contract” Discuss this observation in terms of the five elements that are required for the creation of a legally binding contractarrow_forward
- What is the legal definition of a contract and what elements are necessary for a contract to be valid and enforceable?arrow_forwardThe contract of sale is distinct from other types of contracts because it has two additional requirments for validity. In order for a valid sale agreement to be concluded, the parties must agree on i) the object of sale and ii) on the purchase price. Briefly explain what each of these two requirements entail.arrow_forwardWhich of the following is true of a severable contract? Multiple Choice It must be enforced or rejected in its entirety. It contains multiple parts that need to be performed collectively. It has both legal and illegal portions in the contract. It needs complete performance by both parties.arrow_forward
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