List and briefly describe the seven key characteristics that must be present for a contract to be enforceable
Offer. All contracts begin when a person or a company proposes a deal.
Acceptance. Once a party receives an offer, he or she must respond to it in a certain way.
Consideration. There has to be bargaining that leads to an exchange between the parties.
Legality. The contract must be for a lawful purpose.
Capacity. The parties must be adults of sound mind.
Consent. Certain kinds of trickery and force can prevent the formation of a contract.
Writing. While verbal agreements are often contracts, some types of contracts must be in writing to be enforceable.
You might also like to view...
Conducting post completion audits to determine if short-run outcomes were achieved falls under the evaluation stage of the management process
Indicate whether the statement is true or false
Activity D on a CPM network has predecessors B and C, and has successor F. D has duration 6. B's earliest finish is 18, while C's is 20. F's late start is 26. Which of the following is definitely true?
A) B is a critical activity. B) C is completed before B. C) D has no slack but is not critical. D) D is critical, and has zero slack. E) F is critical, and has zero slack.
Once initiated, the consumer buying decision process always leads to a purchase.
Answer the following statement true (T) or false (F)
Which of the following characteristics is NOT part of behaving with empathy?
A. Being understanding of one's friends B. Being caring about one's friends C. Being loyal to one's friends D. Being sensitive to the feelings of one's friends