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Genuine Agreement. Chapter 6. Defective Agreements. If the offeror makes a valid offer, and the offeree has made a valid acceptance, then a genuine agreement has been reached—”meeting of the minds” Sometimes, however, something goes wrong, and what seems to be a valid contract isn’t.
Genuine consent. There must be genuine agreement between the parties to a contract as to its nature and scope (consensus ad idem ). If one of the parties has not given genuine consent , then the contract could be either void or voidable depending on what the parties have agreed to.
Genuine Agreement. A valid offer has been made by the offeror, and a valid acceptance has been exercised by the offeree. Mistake. Unilateral Mistake An error on the part of one of the parties Cannot get out of contract Types: Nature of the Agreement
Genuine Agreement. Chapter 8 in the business law text. “Meeting of the Minds”. Offeror and offeree must both agree on the contractual terms. If there is no “meeting of the minds” there is no contract. Mistake. unilateral mistake bilateral, or mutual, mistake. Unilateral Mistake.
Business Law. Genuine Agreement. The Opening Scene. Alena Hana Viktor Jake Mr. Benes. Fraud and Misrepresentation. Fraud: A deliberate deception intended to secure an unfair or unlawful gain Rescind: Cancel or sue for money damages. Elements of Fraud. 1. False representation of fact
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Genuine Friendship. Objectives. Mentioning the importance of “genuineness” in friendship Identifying the impact, a genuine friend can accomplish in an individual’s life Discussing the influence of online social networking in developing/spoiling genuine friendship