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What is Essentials of Valid Business Contracts about?
The document discusses several key aspects of contract law: 1. It defines a contract as an agreement between two or more parties that is enforceable by law. The essential elements of a valid contract are discussed in detail, including offer, acceptance, consideration, intention to create a legal relationship, certainty, and capacity. 2. It differentiates between contracts of guarantee and contracts of indemnity. Guarantees involve three parties and secondary liability, while indemnities involve two parti
- Author
- desi jaat
- Language
- EN