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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Incentives are one of the most important aspect or tool of any organisational structure and the performance of the employees is driven by the incentives that is given to them. Here, Macey’s is a smal...

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Topic 6-Discussion 2

Topic 6-Discussion 2

Q Each of you explain in your own words what "genuineness of assent" means and why it is important to having a binding contract. Each of you give a different example of when there is no genuineness of assent.

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For the First Post, Genuiness of Assent, is a complete agreement amid two competent parties. Any party to contract who elaborates that he or she actually did not unaffectedly assent upon the terms of the contract may void the contract. Usually a genuine assent would lack due to mistake, or may be because of fraudulent misrepresentation, undue influence or duress, the exact elements of a contract. Contract are found to lack genuine assent when it is voidable and not a void contract (McCormick et al., 1998).