answersLogoWhite

0


Best Answer

Contracts are separate from empty promises because they are formally made and legally enforceable. There are legal consequences for breaking contracts.

User Avatar

Wiki User

9y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Contracts is not a mere sports of idle hours matter of pleasantry never intended to have a binding effects Discuss?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Distinguish between domestic sales contract and export sales contract?

Domestic agreements are not intended to be legal binding Commercial contracts are intended to be legal binding


Are oral contracts about lottery winnings binding?

yes


Are verbal contracts binding in Arizona?

Oral contracts can be enforced in Arizona. But the contract cannot violate the statute of frauds which requires certain contracts to be in writing.


How binding is a purchase agreement?

Contracts are legally binding on both parties to them.


What was a binding legal agreement in ancient Egypt?

I don't know but I think it contracts


Is a college catalog a binding contract in Virginia?

A college catalog can be a binding contract in Virginia if the college requires this. Not all colleges in Virginia make their college catalogs binding contracts.


In UK is a contract binding if verbal?

verbal contracts are hard to prove, unless it is recorded


What is a forward commitment?

A forward contract is legally binding promise to perform some actions in the future . Forward commitments include forward contracts , future contracts and swaps


Are the first contracts you sign binding?

I do not know what you mean by the term, "First Contracts". Did you sign more than one contract. A signed contract is binding unless you can prove you signed it under duress. I do not know the answer -- but a contract can have contingencies, and if those conditions are not met, the contract is null and void. Whether a contract with contingencies is called "binding" I'm not sure though.


Is there a required home buying age?

In the United States, a person can sign binding contracts at age 18.


What has the author R A Momberg Uribe written?

R. A. Momberg Uribe has written: 'The effect of a change of circumstances on the binding force of contracts' -- subject(s): Contracts, Law enforcement


Is a notarized business agreement legal?

An agreement does not get notarized. A signature does. Most contracts do not need notarized signatures to be binding.