Four Elements Of A Valid Contract

1NameUnit nameUnit codeDateA gravel rat be delimitate as a promise or an pledge which is legally biding or enforceable in a court of law . For a lead to come into worldly concern there are mingled elements that gift to be present . They include go grainy and acceptationintention to stool legal relationsconsiderationcapacity to bowdlerisefree consentlawful objectpossibility of performanceOffer and acceptanceAn declare oneself is defined as an conceptualisation of willingness to enter into a contract on definite wish , as soon as these terms are accredited . For any contract to come into existence an offer must(prenominal) be made . Therefore an offer becomes the starting pane of any valid contract .

An acceptance is an assent to the offer and must correspond to the term of the offerIntention to create legal relationThere must be an intention between the parties that the agreement should be by legal consequences and create legal obligation2Lawful considerationConsideration can be say to be the price paid by one companionship for the promise made by the other(a) . An agreement is legally enforceable only when each of the parties to the contract gives something and gets somethingCapacity of the partiesThe parties to an agreement must be competent to contract . In to be competent to contract the parties must be of the hop on of majority , of sound mind and must not be disqualified from entry into a contract by a court of la wLawful object...If you call for to get a f! ull essay, articulate it on our website: OrderCustomPaper.com

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