Which element of a contract requires something of legal value to be provided in exchange for a promise?
Jason, a 16-year old boy, enters into a contract with a businessperson to work on a construction project. According to the contract, Jason has to work long hours but will get paid a minimal amount because of his age. Jason, though unfamiliar with contracts, knows that the contract is not fair to him. He decides to cancel it. What gives Jason the right to void the contract?
What will most likely happen when there is a material breach by one of the parties in a contract?
Solution:
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