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I am giving you the questions and answers ahead of time. There are two questions. Each question has four parts and will be worth four
I am giving you the questions and answers ahead of time. There are two questions. Each question has four parts and will be worth four points. I don't like just having you memorize definitions because I want us to do more than memorize, but I think we need this foundation about what constitutes an enforceable contract and offer before we can really dive into applying this information to real-world examples. 1. What is an enforceable contract? Possible answers (All three of these are correct. You can just pick which one works best for you. Answer "c" came from the book. I think answer "a" is the easiest. I include all three so that you can see how different attorneys or courts might use different words that often come to the same conclusion). 1. An enforceable contract is formed when there is 1) an offer, 2) acceptance, 3) consideration, and 4) an absence of defenses. 2. An enforceable contract is formed when there is 1) mutual assent, 2) consideration, and 3) an absence of defenses, Mutual assent consists of an offer and acceptance. 3. An enforceable contract is formed when there is 1) an agreement, 2) consideration, 3) contractual capacity, and 4) legality. An agreement consists of an offer and acceptance
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