Short and long-term financial goals

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Question 1: Consider a contract between the buyer and seller of an existing house. Discuss each of the six elements of a legal contract as they relate to this contract. Specifically, list each of the six elements and describe the terms of a home sales contract that would apply to each of the elements.

Question 2: What is an express contract? Using the reasoning that both parties must clearly understand the terms and conditions as the main reasoning, explain why, even though express contracts can be written or oral, it is in both party's best interest to have the contract be written.

Question 3: Explain why most parts of an employment contract between an employee and an employer are "implied-in-fact." Specifically, discuss how an employer has the ability to fire an employee even if that employee does not violate any of the written parts of the contract.

Question 4: Consider a situation where you hired a lawyer to represent you in a divorce settlement mediation. A few days before you have mediation, you inform the lawyer that you decided to have another lawyer represent you and ask you to send over all of the files that the lawyer has prepared. You then get a bill from your original lawyer a few weeks later and see that there was a charge for preparing and sending the documents to the new lawyer. Explain how this situation describes an "implied in-law contract."

Question 5: What are your short and long-term financial goals?

Reference no: EM133102667

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