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NAME: Ricardo Kinlocke Course: General Business law referee: Mr. Sands Elements of fusion: 1. Respect 2. Transparency 3. Accountability 4. dual-lane values 5. shared values 6. communication that is understood by exclusively interested parties 7. cooperation and the ability to listen and to hear 8. share-out and learning 9. the cross fecundation of ideas 10. Partnership is inclusive, non one-sided Elements of a slue: 1. Offer An turn is delineate as the reflexion of the willingness to enter into a bargain so made as to justify an early(a) person In thought that his agree to the bargain is invited and will conclude it. 2. word sense credence of an offer can occur in several slipway: Acceptance of an offer is a manifestation of assent to the foothold in that location of made by the offeree in a manner invited or required by the offer. An acceptance essential not swop the terms Of an offer. If it does, the offer is rejected v A material change in a proposed trim constitutes a counteroffer, which. Must be authoritative by the other party 3. Legal Purpose The objective of the contract moldiness be for a legal subroutine.

For example, a contract for illicit distribution of drugs is not A binding contract because the theatrical role for which it exists is not legal 4. Mutuality of Obligation This element is similarly known as the meeting of the minds. Mutuality of obligation refers to the parties interchangeable Understanding and assent to the facial gesture of their agreement The parti es must agree to the selfsame(prenominal) ! thing, in the same Sense, at the same time. The determination of a meeting of their minds, and thus offer and acceptance, is found on the Objective standard of what the parties said and did and not their ingrained state of mind v . Unexpressed subjective smell is irrelevant. In determining whether mutual assent is present, the court looks to the communication theory between The parties and to the facts and circumstances...If you ask to get a full essay, launch it on our website: OrderCustomPaper.com

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