A. not effective B. having no force C. having legal force D. optional 相关知识点: 试题来源: 解析 C。解析:“binding”是有约束力的,即有法律效力,选项 C“having legal force”正确;选项 A“not effective”是无效的;选项 B“having no force”是没有力量;选项 D“optional”是可选的。反馈 收藏
For a contract to be valid, both parties must receive a tangible benefit from the exchange. Why a Contract? A simple handshake or oral agreement, while legally binding, will not always be provable if a dispute arises. In order to ensure all appropriate information is included and all legal ...
Cross Offer: When two parties make identical offers without knowledge of each other’s, no contract is formed. Each type of offer has different implications for how it may be accepted and whether it results in a binding agreement. Elements of a Valid Offer To be legally enforceable, an offer...
Contract management is an essential function that governs how legally binding agreements are created, executed, monitored, and renewed. Yet, many organisations still rely on manual contract management, leading to inefficiencies, compliance risks, and missed opportunities. Recent studies show that: Poor c...
What is the contract negotiation process, and when and how should you negotiate a contract? Learn the basics of contract negotiation with this explainer.
How do we know whether the contract is legally enforceable? In order for a contract to be enforceable there are five essential elements which need to be present; 1. Intention There must be a clear intention for the parties to create a binding obligation. 2. Capacity The parties must clearly...
One element that some people get confused about in contracts, is whether a contract must be in writing to be legally binding. The answer is no, unless it falls within the “statute of frauds” which outlines the kinds of contracts that must be in writing to be binding....
When to use a contract amendment. Contractsare a vital part of building business relationships and completing business transactions. Sometimes, though, your situation might change or conditions might evolve to the point that modifications to the original signed agreement are required. This can occur da...
Focuses on factors to consider in a contract. Definition of contract; Characteristics of a contract; Manifestation of the assent of parties in accordance with the terms and conditions; Benefit and detriment of a contract to each of the parties; Authority and capacity of both parties to enter ...
Because of the transparency and relationship required to execute a cost-plus contract, contractors can build trust that leads to future opportunities for partnership. Generally speaking, project owners who are more concerned about timeline and quick negotiations (rather than budget) benefit from using ...