Here are three main reasons why a contract might lack consideration: The promise is a gift or gratuitous promise:For example, if someone promises to gift you their computer for free, there’s no consideration because there’s no valuable exchange. The promise is illusory:Vague promises — like...
< p > collective contract has the following common characteristics of the following general contracts: first, signing collective contracts is a legal act; second, signing collective contracts is a legal act of law; third, collective contracts are legal acts of both parties; fourth, collective contr...
What are the various action items for a participant to enroll in a benefit? What is the action items required to designate coverage for a dependant or beneficiary? What is the count of life events status? What are the benefits that needs to be billed for the workers? What is the outstan...
To form legal agreements that are binding and enforceable, you need to understand contract law and what constitutes a valid offer under contract law. An offer is considered valid when it meets certain requirements and may be implied or explicitly stated. An offer may be considered implied through...
The author indicates in the passage that conflict (). A．is an inevitable struggle resulting from competition B．reflects the struggle among social animals C．is an opposition among individual social ent...
Try to draft the arbitration clause for them. 6.How would a choice of law clause in the contract help to address some of a party’s concern? 7. In accordance with the New York Convention (1958), what are the grounds under which recognition and enforcement of foreign arbitral awards may ...
When determining whether or not there was an offer and acceptance, most courts look for a meeting of the minds or a concurrence of wills to decide if the offer-and-acceptance requirements have been met. Finally, the principles of contract law require that consideration be given for the ...
Does every contract have a loophole? Contract loopholes are omissions or ambiguities found in contracts that are included to create ways for parties to avoid following requirements in the contract. They may not be noticeable until the damage has been done, so it's essential thatno loopholes exist...
The difference between a contract amendment and an addendum. Often, the terms “amendment” and “addendum” are used interchangeably. Both can alter the terms of an agreement, butthey are vastly different. An amendment will alter an aspect of your original agreement. Anaddendum, however, will ...
Contractual.A notice period that’s specified in an employment contract and can exceed statutoryrequirements, if any. Probationary.A person on probation tends to receive a shorter notice period, or none at all. Payment in lieu of notice.An organization may not want or need a person to work ...