What are the required elements for the formation of a contract?
What will be an ideal response?
To form a contract, the following elements must be present: 1 . mutual consent; 2 . consideration; 3 . capable parties; and 4 . legal subject matter. Mutual consider means that both parties must agree to the same terms. Consideration is a promise made under a contract by each party to give something of value to the other party. Parties must have sufficient capacity and the contract must have a legal subject matter.
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?Which of the following is a form of business organization authorized by state law that allows professionals to enjoy the tax benefits of a partnership while limiting in some way the normal joint and several liability of partners?
A. ?Limited liability partnership B. ?Limited liability company C. ?Professional corporation D. ?Limited partnership
The problem with crowd-sourcing is that:
a. It may undermine traditional fee structures for lawyers b. It is likely to result in inaccurate information c. It causes paralegals to have to do more work d. It does not use primary sources
At any time after the confirmation of the plan but before the completion of payments under the plan, the debtor, the trustee, or the holder of an allowed unsecured claim may request the court to modify the plan.
Answer the following statement true (T) or false (F)
The Congressional Information Service is available on Westlaw and LexisNexis.
Answer the following statement true (T) or false (F)