What are the key elements of a valid contract?

There are six key elements of a valid contract: Offer and acceptance: There must be a clear and unconditional offer from one party and an unconditional acceptance of that offer by the other party. Consideration: Both parties must exchange something of value. This...

What is Business Law?

Business law is a broad term that encompasses all of the legal rules and regulations that apply to businesses. It includes everything from the formation and structure of a business to the contracts it enters into to the taxes it pays. Business law is important because...