In the following table, Column 1 is a list of business terms and Column 2 is a list of explanations - Leaving Cert Business - Question 15 - 2020
Question 15
In the following table, Column 1 is a list of business terms and Column 2 is a list of explanations.
Column 1: Business Terms
1. Capacity to contract
2. Consent to ... show full transcript
Worked Solution & Example Answer:In the following table, Column 1 is a list of business terms and Column 2 is a list of explanations - Leaving Cert Business - Question 15 - 2020
Step 1
1. Capacity to contract
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F. Both parties can legally enter into a contract.
Step 2
2. Consent to contract
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B. There is clear and unconditional acceptance of an offer.
Step 3
3. Consideration
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A. Each party in a contract must give something of value to the other party.
Step 4
4. Agreement
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D. Some contracts must be in writing in order to be legally valid.
Step 5
5. Legality of form
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E. Both parties intended to enter into the contract and complete it.
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