Question
1. Contrast the following terms as they pertain to contracts: Valid Void Voidable 2. In your own words, explain the concept of consideration as an
1. Contrast the following terms as they pertain to contracts:
Valid
Void
Voidable
2. In your own words, explain the concept of "consideration" as an element of a contract?
3. Identify and provide an example of 2 reasons why a party to a valid and enforceable contract who fails to perform under the contract may not be held liable for breach of the contract?
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Essentials of Business Law and the Legal Environment
Authors: Richard A. Mann, Barry S. Roberts
9th edition
324303957, 324303955, 978-0324303957
