Q1) List and explain briefly each of the components required to demonstrate that a binding contract exists.
Q2) Does a contract have to be in writing to be binding. In your answer explain whether this is the case and further whether it is a good idea to put an agreement in writing.
Q3) What is a formal contract? Explain the “formalities” of such a contract and give two examples.
Q 4) A group of friends meet for a regular drink at a hotel every Friday night. Each contribute $2 towards a group lottery ticket which is a drawn over the role of actually buying the syndicate ticket. When in fact a wining ticket is drawn for the group. Business Law Assignment: I need help writing a research paper.
