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With advances in communication and technology, and concerns about the environment, more and more businesses are engaging in paperless transactions. This means that more consumers and businesses are being asked...
The last few blog posts have been about the elements of a contract: offer, acceptance, and consideration. So what happens if the contract fails? The offer was insufficient, the acceptance was...
Recall from previous posts that an enforceable contract requires there to be an offer, an acceptance, and consideration. Consideration is a bargained-for exchange. That means each party must be giving...
To have a valid and enforceable contract, there must be an offer, acceptance, and consideration. Each of these legal terms of art carries meaning distinct from the layperson understanding. One...
Any good attorney will advise you to put your contracts in writing. Thatās good advice, but its effects are more practical than legal because with only certain exceptions, an oral contract...
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