What is a Contract?
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What is a Contract?

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    FAISAL A.
    YE
    FAISAL A.

    The basic understood element is that contract is obliged to the law

    FAISAL A.
    YE
    FAISAL A.

    Its a three element basis for a true contract which simply makes understanding a contract terms easier. 1.offer 2.ecceptence 3.consideration

    Chad H.
    GB
    Chad H.

    Quite a well illustrated and very engaging slideshow on the topic of contracts. Thanks :)

    Eslam M.
    AE
    Eslam M.

    was a mistake about the contract period should be six weeks not six months as you said. thanks

    Lithin T.
    IN
    Lithin T.

    can't get text ,version pls help

    R.d.t prrlltll P.
    PK
    R.d.t prrlltll P.

    rennet term tenet idealistic deal package to opportunistic controvert

    Stephen P.
    GB
    Stephen P.

    Can you not just create a course without promoting your business?

    Fuat Y.
    TR
    Fuat Y.

    what about conditional acceptance?

    Cos-smart U.
    NG
    Cos-smart U.

    The video is not full screen. And I cant get the text version. What do I do...

    Ridwan B.
    NG
    Ridwan B.

    A contract is an enforceable agreement. It is a promise or set of promises which the law will enforce. It can also be defined as an agreement which will be enforce and recognise by the law as affecting the rights and duties of the parties. That is the offeror and the offeree. Note, the offeror is the one making the offer while the offeree is the one accepting the offer. We have different types of contract, they are not limited to: parol or oral, written, implied and expressed contracts. We have 3 elements of a contract, otherwise called the ingredients of a contract, they are as follows: Offer Acceptance Consideration Offer is a promise made by one party with the intention that it will be binding on him/her when the accepted by the other party. Acceptance can be defined as the unqualifed expression of assent to the terms of the offer. Consideration is what needs to be furnished by the offeror. This is usually in a form of payment. Communication of acceptance by the offeree must be clear and unequivocal. Lastly, the inability to carry out the terms of the contract would lead to a breach of the contract.

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