BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Complete performance
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Operation of Law
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Substantial performance
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Specific performance
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Detailed explanation-1: -Contracts-Definition-Accessory contract Its existence depends upon another contract.-Studocu.
Detailed explanation-2: -The “take-it-or-leave-it” contracts, known as contracts of adhesion, are quite common and are normally unenforceable. The pressure under duress only takes the form of a threat of bodily harm to an individual or to his family, but not the threat of serious loss or damage to his property.
Detailed explanation-3: -In an executed contract, all parties have fully performed. Valid contracts are fully enforceable. An unenforceable agreement is one with a legal defect. A voidable contract occurs when one party has an option to cancel the agreement.
Detailed explanation-4: -Gratuitous Contracts-Gratuitous contracts are essentially agreements to give donations, Generosity or liberality is the cause of such contracts, Mutual promise as a cause-a promise made by one party in accordance with the forms required by law, may be a good cause or consideration.