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NAME: Ricardo Kinlocke Course: General Business law lector: Mr. Sands Elements of fusion: 1. Respect 2. Transparency 3. Accountability 4. shared out values 5. shared values 6. communication that is understood by exclusively interested parties 7. cooperation and the ability to listen and to hear 8. sacramental manduction and learning 9. the cross fecundation of ideas 10. Partnership is inclusive, non one-sided Elements of a slue: 1. Offer An turn is delineate as the revelation of the willingness to enter into a bargain so made as to justify an early(a) person In thought that his acquiesce to the bargain is invited and will conclude it. 2. word sense word sense of an offer can occur in several slipway: Acceptance of an offer is a manifestation of assent to the scathe in that location of made by the offeree in a manner invited or required by the offer. An acceptance moldiness not swop the terms Of an offer. If it does, the offer is rejected v A material change in a proposed skip constitutes a counteroffer, which. Must be authoritative by the other party 3. Legal Purpose The objective of the contract must be for a legal subroutine.

For example, a contract for illegal distribution of drugs is not A binding contract because the conclude for which it exists is not legal 4. Mutuality of Obligation This element is in addition known as the meeting of the minds. Mutuality of obligation refers to the parties coarse Understanding and assent to the facial gesture of their agreement The part ies must agree to the alike thing, in the s! ame Sense, at the same time. The determination of a meeting of their minds, and thus offer and acceptance, is base on the Objective standard of what the parties said and did and not their inherent state of mind v . Unexpressed subjective tone is irrelevant. In determining whether mutual assent is present, the court looks to the communication theory between The parties and to the facts and circumstances...If you ask to get a full essay, erect it on our website: OrderCustomPaper.com

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