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Valid Contracts

Jim wants to sell his car to Marsha. Describe what elements would to need to be present in order to have a valid contract. Would this contract fall under UCC? Why or why not?

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Hello. I provide the following information to assist you in formulating your response.

In a contract, the parties must be in mutual agreement regarding the terms of the contract. Further, each party must have the legal capacity to enter into the contract, i.e. over the age of 18, not be deemed ...

Solution Summary

This solution provides elements needed for a valid contract and how a contract would fall under UCC.