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Author Question: According to Overspending in AmericaStatistics and Facts, by The Credit Examiner, December 30, 2012, ... (Read 26 times)

Zulu123

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on: Aug 3, 2018
According to Overspending in AmericaStatistics and Facts, by The Credit Examiner, December 30, 2012, 25 of Americans are spending more than they earn.
 
  Indicate whether the statement is true or false

Question 2

What are the elements of an agreement between two parties that will form a contract?
 
  What will be an ideal response?


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momtoalll

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Reply #1 on: Aug 3, 2018
Answer to Question 1

TRUE

Answer to Question 2

A contract is an enforceable agreement between competent parties, supported by consideration for a lawful purpose. The elements of a valid contract are: (1) An agreement; an offer and acceptance of the specific original offer; (2) consideration; (3) capacity; and (4) legality of purpose.


Zulu123

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Reply #2 on: Aug 3, 2018
Both answers were spot on, thank you once again


momtoalll

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Reply #3 on: Aug 3, 2018
Great! Please up vote :D


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