List and discuss the essential elements of a contract
Contractual elements are: 1. mutual assent; 2. consideration; 3. legality of object; and 4. capacity of the parties. In addition, in a limited number of instances, a contract must be in writing to be enforceable. The parties to a contract must manifest by words or conduct that they have agreed to enter into a contract. The usual method of showing mutual assent is by offer and acceptance. Consideration is the intentional exchange of a legal benefit or legal detriment as an inducement to the other party to make a return exchange. The purpose of a contract must not be criminal, tortious, or otherwise against public policy. The parties to a contract must have contractual capacity. Adjudicated incompetents have no legal capacity to contract. Minors, incompetent persons, and intoxicated persons have limited capacity to contract.
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a) for cause b) public policy c) layoffs d) a&c e) all
The Clayton Act was passed to:
a. deal with the problem of state interference in a federal issue b. add restrictions beyond the Sherman Act c. show Congressional dislike of free trade d. deal with price fixing by the Standard Oil Trust e. try to limit dangerous fluctuations in the stock market
Which of the following is a common use for carrier WANs?
A) to connect corporate sites B) to connect a corporate site to the Internet C) both A and B D) neither A nor B