DQ 3 - DQ#1 Due by Thursday Can an individual enter into a...

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DQ #1 Due by Thursday Can an individual enter into a contract without being aware of it and still be bound by its terms? Why or why not? Cite an example of a voidable and non- voidable contract. A contract would not be enforceable if a person entered one unknowingly. There are certain parameters that must be met to have a binding, legal contract. The elements of a contract are; mutual consent, offer and acceptance, mutual consideration, performance and delivery, it is also understood that a contract is enter by the two parties in good faith and in accordance to the laws of the government and society. Since a contract must have mutual consent a person cannot enter one unknowingly. An example of a voidable contract would be; party A and party B agree to the sale of a “mustang.” Party A believes he is buying a car while party B is actually deceiving him and intends to sell him a horse. Party A would be able to get out of their agreement because party B was dishonest by withholding information about the sale. An example of a non voidable contract would be; party A and party B both
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This note was uploaded on 04/04/2011 for the course MNG 500 taught by Professor Linkiden during the Spring '11 term at UMass (Amherst).

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DQ 3 - DQ#1 Due by Thursday Can an individual enter into a...

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