What is required for valid contract formation? what, Ask an Expert

Economics

Business Law: Henrietta Bighair is a beauty makeover consultant who needs her accounting information system updated. Greg Geekulous is an accounting software enhancer. Bighair and Geekulous want to enter a contract for the exchange of these services.

a. What is required for valid contract formation? What elements must their contract contain?

b. If it turns out that Henrietta Bighair is only 14 years old at the time she and Greg try to enter into a contractual arrangement, what recourse might she have if she tries not to provide makeover services after Greg has updated her software? What recourse might Greg have?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M972605

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