Answer:
The correct answers are: 1. voidable, 2. capacity, 3. consent
Explanation:
For a contract to be legally valid, the concurrence of three essential requirements or elements is required, which are: the consent of the contracting parties, the true object that is the subject of the contract and the cause of the obligation to be established.
The consent is the manifestation of will of the parties, consisting of the concurrence of the offer and its acceptance, on the object and the cause of the contract. Any consent given by error, violence, intimidation or intent is void.
The purpose of the employment contract is the provision of paid services for others. Services contrary to laws or good customs, nor those that are outside the trade of men, cannot be subject to the contract.
Example: The provision of prostitution or drug trafficking services cannot be the subject of the employment contract.
Answer:
affiliate marketing
Explanation:
When someone searches for a company' s product he or she enjoys , promote and sells such product and earns bonus or profit, it is called affiliate marketing. It is a situation whereby one(affiliate) earns a comissiom by promoting another company' s product.
Affiliate marketing is mostly done on the internet . Affiliates identify themselves with a brand they enjoy and then refer people to patronize it. By so doing, they earn a commission on every sale they make on behalf of the company.
Although some people(affiliates) goes to the extent by having a blog to promote a company' s product, one can start by just advertising the product
which will eventually leads to sales and then earn comission.
The possible management structures and key terms of any operating agreement that must be considered to form an LLC are related to responsibility sharing, as an LLC is a type of entity owned by its partners.
Some features of the LLC are:
- Less formality.
- Tax savings.
- Flexible management.
- Simple organizational structure.
Therefore, the LLC is a single hybrid entity, more streamlined than a corporation, with the advantage that this proprietorship has limited liability protection.
Management is also more flexible, with decision-making being possible to be shared among its members, regardless of hierarchy.
It is also important to highlight the taxes, as in an LLC the taxation is simpler, with the losses and gains being reported in the tax returns, which helps to offset the income.
So this is a more streamlined and protected form of partnership that can be managed by a group of members more securely than a corporation.
It has less formal requirements to exist, and in case of bankruptcy or debt, there is greater protection for each member's personal property, as in an LLC the debts and obligations cannot be greater than the initial capital invested in the company.
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Funds that can hold assets in unincorporated mutual fund structure is called a unit trust.
The profits that are earned will go straight to the individual unit owners and it won’t be reinvested back into the fund.
When a professional investor buys and sells shares in a share market on a person’s behalf, it is called a managed portfolio.
Equal units of ownership in a company’s capital are called shares. A share of profit is given to the holder of shares.
Debentures are debt instruments, which give the holder a right to get fixed interest income.
Fixed Property, also known as long term tangible assets are the assets that add value to an organization and help it in value addition. For example Land, Building and Machinery.
