Any Business Law With Answers
Description
How to fill out Law Partnership Agreement Between Two Partners With Provisions For Eventual Retirement Of Senior Partner?
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FAQ
After you read the question, ask yourself what legal issue is being tested and what legal rule you need to know to answer the question. If you do not know the legal rule, look it up in your outline. Lastly, go through the answer choices and explain why one is correct and why the other three are incorrect.
After you read the question, ask yourself what legal issue is being tested and what legal rule you need to know to answer the question. If you do not know the legal rule, look it up in your outline. Lastly, go through the answer choices and explain why one is correct and why the other three are incorrect.
Defined terms are words that are given a specific definition in a contract. The term's definition applies in the context of the particular contract and the definitions are usually only applicable to that contract. If you see a capitalised word in a contract, the chances are its definition is somewhere in the document.
A contract is an agreement that is enforceable by law. A promise or a number of promises that are not contradicting and are accepted by the parties involved is an agreement. A contract is only legally enforceable. An agreement must be socially acceptable. It may or may not be enforceable by the law.
Use as many facts as you can find to support a particular analysis, but do not write any sentences containing just fact. Examiners wrote the facts - do not simply parrot them back in your exam. Rather, use them ? explain how or why they are relevant.