In drafting a contract with their vendors, Jonathan and Drew should remember the key principles of exchange of value; offer and acceptance. This principle ensures that both parties provide something of value to each other (consideration) and that there is a clear agreement on what is being offered and accepted. This is fundamental in contract law as it establishes the basis of the agreement.
Jonathan and his partner Drew understand they need to create a document to address stipulations for working with their vendors who supply building materials and home decor staging products for their home show. While drafting a contract, what key principles should Jonathan and Drew remember?
(1 point)
Responses
Professional representation; legal structure
Professional representation; legal structure
Exchange of value; offer and acceptance
Exchange of value; offer and acceptance
Legal structure; exchange of value
Legal structure; exchange of value
Offer and acceptance; professional representation
Offer and acceptance; professional representation
1 answer