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Yes, if the proposal contains an offer to contract, and that offer is accepted by the other party, and the contract meets all the other legal criteria for enforceability. You should never offer a proposal if you don't want to be bound by the contact that it would create when it is accepted.
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Is the contract in the movie Indecent Proposal valid?
no
What are the essential ingredients of a legally enforceable contract?
To make a contract as per Indian Contracts Act, the following are the essential ingredients a. Proposal whether oral or written b. The person who makes an proposal c. Knowledge of the proposal d. free consent for Acceptance / revocation of the proposal e. consideration f. The person who accept / revoke the proposal
Is a business proposal a legal contract?
No yet, but could be. A business proposal is an offer given prior to the actual legal contract that the buyer / seller have agree upon. While the business proposal becomes the framework of the business itself, the legal contract which is a separate written agreement for both enlisting the responsibilities, duties, and scope of both once the business is established.
What is Technical Proposal?
A technical proposal is a document that lists and defines the technical requirements of a contract or a project, and explains the approach and plan formulated to address them.
The CORs authority is delineated in which document?
Appointment or designation letter
What is the meaning of proposal or owner in insurance terminology?
Proposal is the terms of the contract. with the premiums and benefits defined. The owner is the person who buys the policy. The owner could also be the insured, but does not have to be.
Acceptance under Indian contract act 1872?
Acceptance under the Indian Contract Act, 1872 refers to the agreed and voluntary consent of both parties to accept the terms and conditions of a contract. It must be communicated and should be absolute and unconditional. The acceptance can be made orally, in writing, or by way of conduct, depending on the circumstances of the contract.
What did the proposal of James hutton become known as?
Gradualism
What are characteristics of an offer?
An offer is a specific proposal to enter into an agreement with another. An offer is vital to the formation of an enforceable contract. An offer, and the acceptance of the offer, creates the contract.
Essential Ingredients of a proposal in contract act 1872?
a person 2 willingness 3 to do or to abstain to do 4
What is a technical proposal?
A technical proposal lists the technical requirements of a project and develops an approach or plan to accomplish the goals. Often companies gather more than one proposal.
If you were writing a letter on behalf of one company in an attempt to gain a business contract with another company which business letter would you write?
You would write a proposal, an offer of an agreement or contract.
