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Beginning of Paper
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Contracts
A contract is an agreement that is enforceable by law. Modern business could not
exist without such contracts. Most business transactions involve commitments to
furnish goods, services, or real property; these commitments are usually in the
Use of the contract in business affairs ensures, to some extent, the perfo ....
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Middle of Paper
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.... to a contract by the courts. On the other
hand, a person who secretly has no intention of making a contract but who acts
in a manner that leads people to believe he or she had, may be held to a
contract. Legally, it is the external appearance that determines whether one is
held to a contract.
Consideration
A contract results from a bargain. This implies that each party to the contract
gives up something, or promises to, in exchange for something given up or
promised by the other party. This is called consideration. In the example given
above, the co ....
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SUBJECTS
