Describe contract law
What do you mean by contract law?
Expert
A contract is “an agreement that creates rights and obligations that can be enforced in law.” It is “a voluntary exchange of promises or commitments between parties that are legally enforceable in our courts.”
Contracts, and the legal right to rely on their enforcement, form the foundation of day-to-day business interactions. Therefore, it is essential that accountants have a good working knowledge of contract law.
Explain what do you mean by Actual Authority?
What do you mean by discharge by Performance?
What are the Rights of Shareholders?
What are the approaches of interpretation of express terms?
What do you mean by Compensatory damages?
Describe what do you mean by Promises?
Explain the term Civil Liability in Contract?
What do you mean by interpreting contracts?
Explain what do you mean by Failure of Performance (Defective Performance)?
Write short note on The Litigation Process?
18,76,764
1925076 Asked
3,689
Active Tutors
1450007
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!