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Contract: Executive Summary

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Issue:

Business

 

Written by:

Clinton F

 

Date added:

September 27, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 576

 

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10160 times

 

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Essay content:

(Allbusiness.com, 2007) A meeting of the minds between the parties is where both parties agree on what is being sold, purchased or traded. Consideration which is that what is being sold, purchased or traded has “legal value” (AIU Online Business Law Course Material, 2007) Legal value consists of money, land, services and thing else that has value...
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(AIU Online Business Law Course Material, 2007) An agreement to enter into the contract is where both parties agree upon what consideration is to be exchanged. (Allbusiness.com, 2007) And last all parties entered into the contract must be legally competent; anyone under the age of 18, person lacking of sound mind or person who lacks authority can not legally enter into a contract...
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