A ruler is one of the most common measuring instruments. It comes in many sizes and shapes, depending on what it is needed for. The yardstick is a long ruler (3 feet long), and a measuring tape is yet another type of ruler, made of...
To be a binding contract, there must also be an offer and acceptance that involves the exchange of promises to act and/or provide goods, services or money. The act, promises, goods, services and/or money are called âconsideration.â In order to have a binding, enforceable contract, there must be consideration.
A fictitious business name may be used in the signature portion along with the legal names of individuals or corporations authorized to sign a contract. Contract A contract is legally binding on both parties to an agreement when the contract includes signatures of individuals that represent each party. Thus, all individuals who intend to enter into a particular contractual arrangement on behalf of an organization must sign the agreement with the legal names of the business.