BUSINESS LAW

Business Law

Business Law

Q1- Was Presley's pledge to pay the mortgage enforceable against the estate

Ans. Reference to the scenario Presley's pledge to pay the mortgage was enforceable. Contract is a pledge between two or more individuals engaging the exchange of some good or service. Some of the rudimentary components of a agreement include: an offer and an acceptance; "capacity," or being of lawful age and sound competence; "mutual assent," or affirmation on the periods of a contract; and "consideration," or reimbursement for items or services rendered. The component that distinguishes a agreement from an casual affirmations is that it ...