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What else can I help you with?
What Five main characteristics of a corporation?
Limited Liability, Perpetual Life, Transferability of Ownership, Capacity to Contract and Centralized Management
What is unenforceable contract?
Invalid for some legal reason
What are the relevance of capacity to contract in a sale of goods contract?
if one of the parties does not have the capacity to contract there will be no contract formed
Does a Songwriter contract with a Power Of Attorney clause need to be notarized if it is not notarized does that make the entire contract invalid Thank You Ray Rector?
does a Songwriter contract with a Power Of Attorney clause need to be notarized? if it is not notarized does that make the entire contract invalid? Thank You, Ray Rector
How do you get the court to suspend the contract?
One way would be to convince the court to declare that the contract is invalid for some reason.
Is the contract signed in the name of corporation valid prior to its registration?
Yes, a contract signed in the name of a corporation can be considered valid even before the corporation is officially registered. However, the individuals who signed the contract may be held personally liable until the corporation is registered and recognized as a legal entity. Once the corporation is registered, it may choose to adopt the contract, thus limiting the liability of the individuals involved. It's advisable to include specific language in the contract that indicates it is contingent upon the corporation's formation.
If a promoter enters into a contract with third part on behalf of proposed corporation who is bound?
If a promoter enters into a contract on behalf of a proposed corporation before it is officially formed, the promoter is personally bound to the contract. The proposed corporation is not bound until it is formally incorporated and adopts the contract. Once the corporation is established, it may choose to ratify the contract, thereby assuming the obligations, but until then, the promoter retains liability.
Capacity of the parties to the contract refers to?
capacity of parties
Where i can get my legal capacity to contract of marriage being a Canadian?
You can get the legal capacity to contract to marriage in the embassy of the Canada.
What are valid and invalid contracts?
"Invalid contract" might describe the terms of an agreement that purports to be a contract--but by one or more legal theories does not constitute one, and is therefore unenforceable as one. This refers to a defect in contract formation--whose elements are those of mutual assent (effectively-communicated offer and acceptance) and consideration (a bargained-benefit or detriment). An "invalid contract" may or may not be enforceable as a set of one or more enforceable promises, depending on whether alternative theories apply, such as that of promissory estoppel.Void contract, as compared with voidable contract,refers to a contract that has become void by reason of one or more contract-law avoidance theories. A voidable contract is one voidable at the option of one of the parties. Two examples: a contract entered into for an illegal purpose is void. A contract entered into by a minor is voidable at the minor's option unless subsequently ratified.
How can a deficiency in legal capacity related to contract formation be corrected?
How can a deficiency in legal capacity related to contract formation be corrected?
Termination clauses always make a contract invalid for lack of consideration True or False?
false
