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Contracts
Part 1 of Paper
.... . Most business transactions involve commitments to
furnish goods, services, or real property; these commitments are usually in the
form of .
Use of the contract in business affairs ensures, to some extent, the performance
of an agreement, for a party that breaks a contract may be sued in court for the
damages caused .... Part 2 of Paper
....VALID CONTRACT
For a contract to be valid, both parties must give their assent. They must act
in such a way that the other people involved believe their intention is to make
a contract. Thus a person who is clearly not sincere in saying that he or she
accepts an offer usually is not held to a contract by the courts. On the other
hand, a person who secretly has no intention of making a contract but who acts
in a manner that leads people to believe he or she had, may be held to a
contract. Legall.... |
| Number of words: 1094 - Approximate pages: 4 |
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