Formation of Contract [introduction to law of contact]
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Formation of Contract [introduction to law of contact]
there are few concepts that we should know to understand formation of a contract. These are: 1. Proposal or offer 2. Acceptance 3. Promise 4. Consideration and 5. Agreement summary:- when a proposal is accepted it becomes a promise and when a promise is coupled with consideration it becomes an agreement. And when agreement and enforceability ...
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What is a contract?
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The Federalist Society
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