Asked by
Stephanie Toral
on Nov 11, 2024
Verified
If a person agrees to sell someone a brand new Cadillac for $100, this becomes a valid, binding contract.
Valid Contract
An agreement between two or more parties that is enforceable by law, meeting essential elements such as offer, acceptance, consideration, and legal purpose.
Cadillac
A luxury vehicle brand known for its high level of craftsmanship, comfort, and prestige.
- Apprehend the rudimentary components of offer, acceptance, and consideration in the construction of contracts.
Verified Answer
AR
Learning Objectives
- Apprehend the rudimentary components of offer, acceptance, and consideration in the construction of contracts.