Contracts
Beginning of paper
A contract is an agreement that is enforceable by law. Modern business could not
exist without such . Most business transactions involve commitments to
furnish goods, services, or real property; these commitments are usually in the
form of .
Use of the contract in business affairs ensures, to some ....
Middle of paper
.... may cancel it (a revocation), or the party to whom the offer is
made may reject it. When the party to whom the offer is made responds with a
different offer, called a counteroffer, the original offer is terminated. Then
the counteroffer may be accepted by the party making the original offer.
REQUIREMENTS OF A VALID CONTRACT
For a contract to be valid, both parties must give their assent. They must act
in such a way that the other people involved believe their intention is to make
a contract ....
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Word count: 1094
Page count: 4 (approximately 250 words per page)
