Legal Environment of Business (low101) Discussion post (100 words) and one response to peer. In our study of chapter 16 we learned that minors (those under the age of 18) have only limited capacity to contract. Explain the exception to this rule as it relates to contracts for Necessaries. […]
Describe the issues associated with entering into an OD process.
Entering and Contracting Describe the issues associated with entering into an OD process. Describe the issues associated with contracting for an OD process.
What are the elements (law) of a valid contract? Define each element.
ASSIGNMENT This week we are discussing contracts: Consideration, Capacity and Legality. Our scenario is as follows: Anita agrees to sell, and Bob agrees to purchase her home on Elm Street, for $100,000. The contract is in writing and contains detailed provisions for payment, risk of loss until delivery, restrictions on permissible us of the property. […]