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Answer the following problems

problem1) Upon entering into a contract the parties need to understand the terms and conditions of the contract. Define the terms of a contract and describe why it is important to have clearly defined terms and conditions in the contract.

problem2) State the different ways the terms of a contract can be incorporated into the contract, and give exs to illustrate your understanding.

problem3) Name and discuss the different forms of breach of contract. In your answer mention the possible relief that could be sought for each specific breach of contract

Business Law & Ethics, Finance

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