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Essay

CONTRACTS

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Issue:

Business

 

Written by:

Thomas H

 

Date added:

July 5, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1024

 

Was viewed:

7852 times

 

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Essay content:

If one party makes a promise and the other offers nothing in return, the promise may not be enforced for lack of consideration. Some states no longer require consideration for certain types of promises; however, promises made in the context of business relationships are usually made for mutual consideration...
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Some states no longer require consideration for certain types of promises; however, promises made in the context of business relationships are usually made for mutual consideration. Modern business could not exist without contracts and because they are enforceable by the courts, parties who enter into contracts can rely on them to structure their business relationships...
displayed 300 characters

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