List the Five Elements of a Legal Contract

question 21

Essay

List the five elements of a legal contract.

Appreciate the procedural tactics in negotiating and their impact on the negotiation outcome when addressed before substantive issues.

Evaluate the advantages and disadvantages of having large bargaining mixes in negotiations.

Discuss the essential information needed about the other party to prepare effectively for a negotiation.

Analyze the benefits and pitfalls of limiting a negotiator's authority in negotiation settings.

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Definitions:

Treasury Stock

Shares of a company's own stock that it has reacquired and held in the company's treasury.

Cost Per Share

The price at which a company's shares were initially offered to the public or the current market value of a share.

Stockholders' Equity

Represents the owners' residual interest in a corporation's assets after deducting liabilities.

Buy Back

A corporate action in which a company repurchases its own shares from the marketplace.