1 parties to a contract should have and understanding of, Ask an Expert

Economics

1. Parties to a contract should have and understanding of what they are undertaking—a meeting of the minds. Provide an example of two parties who have reached such a clear understanding.

2. The law needs that the parties be competent to enter into a contract. Give an example of a party who lacks competence.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91227137

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