Ask Question
BusinessBusiness
29 April, 07:29

Star software systems and henry orally agree for henry to write special accounting software. this software usually takes three years to complete, but can be done sooner. does henry have an enforceable legal agreement with star?

+1
Answers (1)
  1. 29 April, 07:36
    0
    There are 6 requirements for a verbal contract:

    An offer. - - they had this

    An acceptance. - - the contract was accepted

    Competent parties who have the legal capacity to contract. - they both have the right to make this decision

    Lawful subject matter. this is not an illegal operation

    Mutuality of obligation. Both parties are obligated to do something in this case.

    Consideration. if there were discussions of payment, then yes this is a legally enforceable contract.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Star software systems and henry orally agree for henry to write special accounting software. this software usually takes three years to ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The approach to preparing financial statements based on recognizing revenues when they are earned and matching expenses to those revenues is: the time period assumption. the matching principle. revenue basis accounting. cash basis accounting.
Answers (1)
Which is an example of bid rigging? Question 3 options: A large furniture maker charges a price below production cost in order to eliminate small competitors. A coffee maker falsely claims that its drinks reduce the incidence of heart attacks.
Answers (1)
Why does the agricultural price supports are inconsistent with free-market principles?
Answers (2)
The four major stages of a product life cycle include a. awareness, interest, trial, and adoption. b. prosperity, recession, depression, and recovery. c. specialty, convenience, shopping, and unsought goods. d.
Answers (1)
If your business is set up as a corporation, your salary is tax deductible. unwarranted. incalculable. not tax deductible.
Answers (2)
New Questions in Business
Who should you' alert that you are interviewing for jobs? A. Your references B. Other possible employers C. Your classmates D. Your present employer
Answers (1)
Common allocation bases are a. direct labor dollars, direct labor hours, and machine dollars b. machine dollars, direct labor dollars, and direct labor hours c. direct labor dollars, direct labor hours, and machine hours d.
Answers (1)
George and Weezy received $30,200 of Social Security benefits this year ($12,000 for George; $18,200 for Weezy). They also received $5,000 of interest from jointly owned City of Ranburne Bonds and dividend income.
Answers (1)
Which of the following is true regarding the high-tech industry today? a. It generally depends on a pool of low-skilled labor. b. It has led to the increased economic development of previously rural areas. c.
Answers (1)
Presented below are three receivables transactions. Indicate whether these receivables are reported as accounts receivable, notes receivable, or other receivables on a balance sheet. -Sold merchandise on account for $64,000 to a customer.
Answers (1)
Home » Business » Star software systems and henry orally agree for henry to write special accounting software. this software usually takes three years to complete, but can be done sooner. does henry have an enforceable legal agreement with star?
Sign Up Forgot Password?