Column 1 is a list of business terms relating to contract law - Leaving Cert Business - Question 15 - 2016
Question 15
Column 1 is a list of business terms relating to contract law. Column 2 is a list of possible explanations for these terms. One explanation has no match.
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Worked Solution & Example Answer:Column 1 is a list of business terms relating to contract law - Leaving Cert Business - Question 15 - 2016
Step 1
2. Contract
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B. Person must be legally able to enter into a contract.
Step 2
1. Capacity
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D. The legally binding agreement made between two or more parties.
Step 3
3. Consideration
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F. Something of value exchanged between the parties to the contract.
Step 4
4. Consent
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C. The parties entering the contract must do so of their own free will.
Step 5
5. Frustration
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Answer
A. An unforeseen event makes it impossible for a contract to be fulfilled.
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