A contract is an agreement between parties to perform some act, the enforcement of which will be given the backing of legal authority

A contract is a promise or a set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a ...

Оценка 4,0 (3) Study with Quizlet and memorize flashcards containing terms like contract, offer, option contract and more.

A contract requires six elements: offer, capacity, legality, acceptance, consideration, genuine agreement.

Оценка 5,0 (1) A void contract has no legal effect, it would be missing one of the six elements. An unenforceable contract is one the court will not uphold.

A contract is valid only if it meets all of the following criteria: competent parties, mutual consent, valuable consideration, legal purpose, voluntary act of ...

A contract is a promise or set of promises, for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a ...

Оценка 5,0 (1) A legal procedure or action brought by either the buyer or seller to enforce the terms of a sales contract.

Any agreement that is enforceable by law. Results from an exchange of promises to do something or to give something of value.

A contract for which all requirements have been fulfilled and the parties have done what they agreed to do is called a(n) _____ contract.