2006-08-01 05:18:00 · 3 answers · asked by amandaholes19 2 in Politics & Government ➔ Law & Ethics
I just found a great site with the answers as well.. Thank you all for your help and if anyone else has this question here is where you can find the answers http://www.expertlaw.com/library/business/contract_law.html#1
2006-08-01 05:24:24 · update #1
based solely upon what I have seen, read and heard from legal sources - any signed agreement stiplifies a contract. a handshake, though hard to prove, is a contract.
There has to be resonable expectation to get something in exchange for something else. The legality is the proof of such a contract. Terms and conditions, description of goods sold, payment etc. I sell you blah blah for 200 dollars payable in monthly payments of 10 dollars (terms) begining the first of next month and continuing till paid (or date). For the sum paid of 200 dollars I sell you blah blah. For the payment of 200 dollars I agree to blah blah. Two signatures and contract is made. There is a legality to difference between verbal and written contracts. Each state is different in law but basically, There has to be resonable expectation to get something in exchange for something else.
The man just gave the readers digest version.
2006-08-01 05:28:58 · answer #1 · answered by orion_1812@yahoo.com 6 · 0⤊ 0⤋
Check the Uniform Commerical Code for specifics regarding the sale of goods. However, the general elements are offer, acceptance and consideration.
2006-08-01 05:22:18 · answer #2 · answered by The Man 4 · 0⤊ 0⤋
Uniform commercial code is just what it says commercial. does not apply to consumer contracts.
2006-08-01 05:38:33 · answer #3 · answered by Linnea W 1 · 0⤊ 0⤋