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NAME: Ricardo Kinlocke Course: ordinary Business law Lecturer: Mr. Sands Elements of confederation: 1. Respect 2. Transparency 3. Accountability 4. shared values 5. shared values 6. communion that is understood by only interested parties 7. cooperation and the ability to discover and to hear 8. sharing and learning 9. the cross fertilization of ideas 10. Partnership is inclusive, non one-sided Elements of a prune: 1. Offer An turn is delineate as the manifestation of the willingness to enter into a bargain so do as to justify an other(a)(prenominal) person In thought that his enter to the bargain is invited and will stop it. 2. word sense credence of an offer can go along in several slipway: Acceptance of an offer is a manifestation of assent to the terms in that location of made by the offeree in a appearance invited or required by the offer. An acceptance must not swop the terms Of an offer. If it does, the offer is spurned v A material potpourri in a proposed organise constitutes a counteroffer, which. Must be authoritative by the other party 3. Legal Purpose The quarry of the develop must be for a legal subroutine.

For example, a contract for illegal diffusion of drugs is not A binding contract because the purpose for which it exists is not legal 4. mutualness of Obligation This element is also cognise as the collision of the minds. interdependence of obligation refers to the parties mutual Understanding and assent to the facial gesture of their commensurateness The parties must agree to the identical thing, in the identical Sense, at the same time. The determination of a meeting of their minds, and thus offer and acceptance, is found on the Objective stock of what the parties said and did and not their indispensable state of mind v . unsaid subjective Intent is irrelevant. In find whether mutual assent is present, the butterfly looks to the communications between The parties and to the facts and circumstances...If you ask to master a full essay, graze it on our website: Orderessay

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