Web60 Questions Show answers. Question 1. 30 seconds. Q. Consideration for a sale or contract to sell goods may be expressed in the form of. answer choices. Barter. money. WebElements of Contract 1. Essential elements – those elements without which there can be no valid contract. This element are consent, object or subject matter and cause or consideration 2. Natural elements – those elements which are found in a contract by its nature and presumed by law to exist, such as Warranty of hidden defects or eviction in …
BSALAW 211 - Oblicon Dicussion Contract 1 - Course Hero
WebJun 1, 2024 · An Option Contract is a contract by which the owner of the property agrees with another person that he shall have the right to buy his property at a fixed price within a certain time. An option imposes no binding obligation on the person holding the option aside from the consideration for the offer. Until accepted, it is not treated as a sale. WebJun 1, 2024 · In a contract of sale, Civil Code provides that: “Art. 1489. xxx Where necessaries are sold and delivered to a minor or other person without capacity to act, he must pay a reasonable price therefor. xxx “. Because of limited legal capacity, when minors enter into a contract of sale, the contract is generally voidable, which is valid until ... genesee county skill center
Oblicon Week 7-8 Reviewer Flashcards Quizlet
WebOblicon Reviewer - Contracts. Contracts. University University of the Cordilleras. Course Accountancy (AE106) Academic year: 2024/2024. … WebTERMINOLOGY: Cause of Contract (Causa in Civil Law) – the reason why a party entered into a contract; essential reason which moves the parties to enter into the contract; the immediate, direct and proximate reason which justifies the creation of an obligation through through the will of the contracting parties. ***Causa is used in Civil Law, while … WebView OBLICON DICUSSION CONTRACT 1 from BSA LAW 211 at Sultan Kudarat Polytechnic State College. General Provisions on Contracts ART. 1305. A contract is a … genesee county snow packers