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the intention by both parties to the contract must have the intention to enter into a contract.
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∙ 14y ago
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Explain consideration and acceptance are the binding element of contract?
An offer is valid only if it is made with an intention of getting the assent of another. when there is no acceptance the contract does not come into existence. For a valid contract there must be consideration which need not be adequate.
Can you distinguished Contract of Sale from contract to sell?
Contract to sell is an executory contract while contract of sale is an executed contract.
What is the difference between contract of sell from contract of sale?
"Contract of sell" is just "contract of sale" misspelled.
Does good faith mean honesty of intention?
Yes, good faith generally refers to acting with honesty, sincerity, and without intent to deceive. It involves having genuine intentions and adhering to a standard of fairness in one's actions and dealings with others.
What is a contract of sale of goods?
bill of sale
What is rescissible sale?
Declaration or clearly communicated intention by a party to a voidable contract that it is exercising its right toterminate (rescind) the contract. It is an irrevocable stepthat frees the other party as well from its contractual obligations, as if the contract never existed. Rescission may be on mutual consent, by an act of law, or by either party for reasonable cause such as a material misrepresentation.
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
What is a foreclosure under contract?
That means a lender has executed a purchase and sale contract on a property it owns by foreclosure and a sale is pending.
A small sum of money given to show the intention of completing a contract?
earnest
Small sum of money given to show intention of completing contract?
Earnest
What chemical element do neurons pour into the muscle fibers to make them contract?
"Caleotidomastusidialis" element maskes the muscles contract.
Can a sale contract be void if the name is not correct on the contract?
yes!!!!!!!!!!!!!!!!!! if a business name is incorrect on contract can it be terminated
