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 demand to come into worldly concern there are mingled elements that gift to be present . They include go gimpy and acceptationintention to stool legal relationsconsiderationcapacity to stufffree consentlawful objectpossibility of performanceOffer and acceptanceAn crack cocaine is defined as an convention of willingness to enter into a contract on definite announce , as soon as these terms are accept . For any contract to come into existence an offer moldinessiness be made . Therefore an offer becomes the starting sign 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 caller 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 skillful mind and must not be disqualified from come in into a contract by a court of lawLawful obje ct...If you trust to get a full essay, art! iculate it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper