State the six elements of a legal contract

What will be an ideal response?


A valid contract has six elements: a) legal offer; b) legal acceptance; c) consideration; d) genuine assent; e) competent parties; and f) a legal object. When these six elements are present, a legally enforceable contract usually exists.

Business

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Discriminant analysis can be conducted via all of the following except ________

A) SPSS B) EXCEL C) MINITAB D) SAS

Business

The business model in which a direct seller makes money by buying products from a parent organization and selling them directly to customers is called ________ ________ marketing.

Fill in the blank(s) with the appropriate word(s).

Business

A formal writing style includes first-person pronouns, contractions, active-voice verbs, shorter sentences, and familiar words

Indicate whether the statement is true or false

Business

The relationship among stakeholders used to determine and control the strategic direction and performance of an organization is termed:

A) corporate governance. B) Anglo-American activism. C) capital structure. D) working capital management.

Business