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legal
Question | Answer |
---|---|
What is a contract | An agreement that is legally enforceable |
how has contract law evolved | Through the doctrine of precedence |
what is an offer | Communicating a promise to do something or not to do something |
what is an acceptance | For a contract to be legally enforceable the offeree must agree to all terms of the condition |
What is a consideration | For a contract to be legally enforceable both parties must give, suffer or do something. |
for a contract to be legally binding what three things must happen | An offer, an acceptance and a consideration |
what is the terms of a contract | sets out the object of agreement and what is required from both parties |