An Intention to Create Legal Relations Exists If

question 12

Multiple Choice

An intention to create legal relations exists if

• A)the promisor and the promisee have identified all the consideration involved in the contract.
• B)there is an offer,acceptance,and consideration.
• C)a reasonable person would believe that the parties intended to be bound by the contract.
• D)the court examines the facts and determines that the parties intended to enter into legal relations.
• E)the parties have capacity to enter into a contract.

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Definitions:

Integration

The process of combining parts or elements to form a whole, often used in reference to the inclusion of people from different backgrounds into a social, educational, or business environment.

Delegation

The process of assigning responsibility and authority to someone else to carry out specific activities while retaining ultimate responsibility for the outcome.

Differentiation Strategy

A business approach where a company seeks to distinguish its products or services from competitors through unique features.

Cost-Based Advantages

Competitive advantages a company gains by reducing its costs below the industry average, often leading to lower prices or higher margins.