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An agreement with absolute meeting of the minds. "Conses aide di dam"
Intention to create legal relationship.
Legality.
Prescribed form.
Consideration.
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∙ 12y ago
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Explain the elements of a valid contract?
Valid elements of a contract include both parties signatures. A contract must also include both parties agreeing on the terms of the contract.
Discuss the elements of valid contract?
the elements of contract are multifaceted and can be discribed by many in so many ways.
What are elements of contract?
the contract finish /dead time must be valid. this is the most important one.
Key elements of a valid contract?
Offer and Acceptance Consideration Legal relationship Certainty and not vague Completeness of the contract
What is a valid sale and give examples?
VALID SALE ( Bai Sahih)-a sale is valid if all elements together with their conditions arepresent-elements of valid sale are•Contract ( Aqd )•Subject matter ( Mabe'e)•Price ( Thaman )•Possession or delivery ( Qabza )
Describe the 4 elements required in a valid common law contract?
offer acceptance counter-offer request of information
What is the Difference between valid and void contract?
A valid contract is legally enforceable and meets all the essential elements required by law, such as mutual assent, consideration, capacity, legality, and proper form. On the other hand, a void contract is not legally binding from the beginning due to a fundamental flaw, such as illegality, lack of capacity, impossibility, or violation of public policy. A void contract is treated as if it never existed, while a valid contract creates legal obligations between the parties.
What are the five elements which must be present in a contract to make it valid?
Agreement Consideration Legal Object Competent Parties Legal Form
What are the examples of essentialia of a contract?
valid contract
If an item line of a contract is changed and not initialed by both party's is it still a valid contract?
No. It is no longer valid.
How can misrepresentation affect a valid contract?
When someone is induced into entering into a contract as a result of a false statement.
Define contractGive essential elements of a valid contract?
An agreement enforceable by law is a contract.(agreement+enforceability by law=contract) Elements: 1) proposal and acceptance 2) lawful consideration 3) free consent 4) writing and registration. 5) legal relationship 6) capacity of parties. 7) possibility of performance.
