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Executive Summary Leonard V Pepsico

Executive Summary Leonard V. Pepsico

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Title: Executive Summary Leonard V. Pepsico

Essay Details:

Subject: Business

Author: Martin B

Date: August 5, 2012

Level:

Grade: A

Length: 2 / 506

Essay text:

In an agreement there must be a meeting of the minds which indicates mutual assent by both parties. There is no meeting of the minds when one side is obviously joking (Advice Company, 2008). If one side is to be held to a contract then the other side must give up something in exchange, which is called consideration. Both parties to a contract must have the capability or capacity to enter into a contract. A drugged or mentally-impaired person has impaired capacity and chances are a court may not hold that person to the contract (Advice Company, 2008). The objective theory of contracts holds that the intention to enter into a contract is judged by the reasonable person standard (would a reasonable person see it to be true)...

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