Creation of a legally binding contract
Problem: "The purpose of contract law is to give effect to the reasonable expectations of the parties to a contract." Discuss this observation in terms of the five elements that are required for the creation of a legally binding contract.
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Question 1: Could Elaine and Roy form a joint venture? When is this type of arrangement best utilized? Question 2: What are the duties of the shareholders of a corporation? What are the duties of the directors and officers?
What is the source of those preconceptions
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