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Unit 1

QuestionAnswer
What is Contract ? A contract is a legally binding agreement between two or more people that is enforceable by law.
What are the elements of a Contract ? 1.Agreement 2.Intention 3.Consideration 4.Capacity 5.Consent, 6.Legality of Form 7.Legality of Purpose
How do you Terminate a Contract ? A contract can be terminated or ended in any one of four ways: 1.Performance 2.Agreement 3.Frustration 4.Breach
Created by: thomasfreeney
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