A necessary element of a contract is that the parties must have ...

[Bob-Dole]

A necessary element of a contract is that the parties must have the intention to be legally bound. Which of the following is true with regard to this element of a contract?
◦ The court can presume the intention to be legally bound, but a party to the contract can bring forward contrary evidence to rebut that presumption.
◦ In contract cases, the court hears evidence as to what the parties actually had in their minds at the time of contract.
◦ If the parties fail to state expressly in their contract their intention to be legally bound, there is no contract.
◦ Family members can never have the intent to be legally bound in their agreements because family matters are private matters.
◦ The court always presumes an intention to be legally bound, so this is never an issue in a contract case.

[pocatato]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 25% of students answer this correctly

[Bob-Dole]

YES! Correct, THANKS for helping me on my review

[kjohnson]

Thanks for the timely response, appreciate it