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Business law study guide Contracts– Chapter 10-11: ? Elements of a Valid Contract and meaning of each...

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General Management

Business law study guide

Contracts– Chapter 10-11:

? Elements of a Valid Contract and meaning of each element –offer acceptance consideration

Mirror Image Rule

Mailbox Rule

Defenses to a Valid Contract

Conditions of a Contract and what will excuse performance of acontract

Acts that will discharge performance of a contract

Remedies – equitable and damages

Three exceptions to privity of contract – assignments,delegation, and intentional third party beneficiary

Parts of a contract

Ability to locate certain provisions in a contract and theirmeaning.

Shrink wrap, Click-On, Browse Wrap, Smart Contract

Answer & Explanation Solved by verified expert
3.7 Ratings (585 Votes)
1 Elements of a contract can be explained as follows Offer There should be an offer made from one person to the other which is the first element to form a contract The offeror should presnt to the party what he has as a proposal for them to understand and sccept Acceptance Once the offer is made it has to be accepted by the other party only after which the contract will come into existence to form by going through the other elements of it    See Answer
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