Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(business some true or false some question) 1-Why is it important to know if a contract in unilateral or bilateral? 2-Implied contracts are never enforceable.

(business some true or false some question)

1-Why is it important to know if a contract in unilateral or bilateral?

2-Implied contracts are never enforceable.

3-In general, courts do not attempt to judge the adequacy of consideration.

4- Consideration required in an enforceable contract can take various forms such as exchange of promises or agreeing not to do something that you have the legal right to do.

5-The most common form of valid consideration is the promise of money by one party for the promise of an act by another.

6-The exchange of money is a required element for consideration

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting Tools for business decision making

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

5th edition

470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144

More Books

Students also viewed these Accounting questions

Question

=+ How many banks were there in 1934, and how many are there now?

Answered: 1 week ago