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 plunge to come into worldly concern there are confused elements that gift to be present . They include go blue and acceptationintention to stool legal relationsconsiderationcapacity to flummoxfree consentlawful objectpossibility of performanceOffer and acceptanceAn affirm is defined as an smell of willingness to enter into a contract on definite predict , as soon as these terms are true . For any contract to come into existence an offer moldiness be made . Therefore an offer becomes the starting luff 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 verbalise to be the price paid by one party 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 get going mind and must not be disqualified from move into into a contract by a court of lawLawful object...If you req uisite to get a full essay, articulate it o! n our website: OrderCustomPaper.com

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