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NAME: Ricardo Kinlocke Course: General Business law reviewer: Mr. Sands Elements of fusion: 1. Respect 2. Transparency 3. Accountability 4. shared out 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 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 materialization of the willingness to enter into a bargain so made as to justify an opposite person In thought that his accord to the bargain is invited and will conclude it. 2. word sense adoption of an offer can occur in several ways: 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 must(prenominal)(prenominal) not swop the t erms Of an offer. If it does, the offer is rejected v A material change in a proposed let off constitutes a counteroffer, which. Must be authoritative by the other party 3. Legal Purpose The objective of the contract must be for a legal subroutine.

For example, a contract for black-market distribution of drugs is not A binding contract because the aim for which it exists is not legal 4. Mutuality of Obligation This element is too known as the meeting of the minds. Mutuality of obligation refers to the parties reciprocal Understanding and assent to the facial gesture of their agreement The p arties must agree to the same thing, in the! same Sense, at the same time. The determination of a meeting of their minds, and thus offer and acceptance, is ground on the Objective standard of what the parties said and did and not their natural state of mind v . Unexpressed subjective flavour is irrelevant. In determining whether mutual assent is present, the court looks to the communications between The parties and to the facts and circumstances...If you ask to get a full essay, effectuate it on our website: OrderCustomPaper.com

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