"One of the Basic Precepts in Contract Law Is That

question 37

Essay

"One of the basic precepts in contract law is that any bargain struck must be fair to be enforceable." Explain the accuracy of that statement.

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Definitions:

Capital Gain

The profit earned from the sale of an asset that has increased in value over its purchase price.

Selling Price

The price at which a product or service is sold to customers, which can cover the cost of production and include a profit margin.

Cash Flow Estimates

Projections of the amount of money expected to flow in and out of a business over a specific period.

Financial Analyst

A person who studies the financial results of businesses and makes recommendations on their values as investments.