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What are the kinds of obligation as to basis and enforceability?
ewan ku sau !
What is a badge of enforceability?
It is consideration given that allows for the enforcement of a promise/contract.
All contracts are agreements but all agreements are not contract discus?
Contracts are agreements that are legally enforceable. An agreement does not have to be legally enforceable in order to be an agreement. The element of enforceability by law is what distinguishes the two.
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.
Which test would you apply to ascertain whether an agreement is contract?
A valid contract is legally enforceable and defined by law. A test that you would apply to ascertain whether an agreement is a contract would be looking at the benefits and duties between the parties of the agreement.
What has the author Maroudia Petrou-Zanias written?
Maroudia Petrou-Zanias has written: 'Direct legal enforceability of collective agreements'
What are Advantages and disadvantages of soft law?
Soft law offers several advantages, such as flexibility and adaptability, allowing for quicker responses to emerging issues without the lengthy processes required for hard law. It can promote cooperation and consensus among states or organizations, facilitating dialogue on complex matters. However, its disadvantages include a lack of enforceability and potential ambiguity, which can lead to inconsistent application and compliance challenges. Additionally, reliance on soft law may undermine the authority of binding legal frameworks.
When and how the law started for the contract law that says consideration must be accompanied?
Contract law, specifically the principle of consideration, traces its origins to English common law in the 19th century. The landmark case of Currie v. Misa (1875) established that consideration is necessary for a contract to be enforceable, meaning that something of value must be exchanged between the parties. This requirement ensures that both parties have a mutual obligation, thus providing a basis for legal enforceability. Over time, the doctrine of consideration has been refined and remains a fundamental aspect of contract law in many jurisdictions.
Is a tenancy agreement void if company changes name?
No. A change of name does not affect the enforceability of any contract as against either party.
What kind of legal enforcement does negotiable instruments has?
Article 3, Part 3 of the Uniform Commercial Code explains the law regarding enforceability of negotiable instruments. Anyone with an interest in the negotiable instrument can enforce its payment when payment becomes due. Parties who do not honor their responsibilities may be liable for damages incurred by the other party.
What legal issues should be considered when drafting a dispute resolution clause?
When drafting a dispute resolution clause, it is important to consider legal issues such as the choice of law, jurisdiction, venue, and the method of dispute resolution (e.g. arbitration, mediation, litigation). These factors can impact the enforceability and effectiveness of the clause in resolving disputes between parties.
Will any document that is notarized by a notary be binding in a court of law in the state of MS?
While notarization adds credibility to a document, it does not automatically make it binding in a court of law. The admissibility and enforceability of a document in a court of law depend on various factors such as the content, legality, authenticity, and compliance with relevant laws. A notarized document may carry evidentiary weight, but its legal impact ultimately depends on the specific circumstances and the decision of the court.
