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What else can I help you with?
Will a contract always be valid and binding when its contains consideration?
Just because a contract contains consideration does not mean it is legal or binding. There are other requirements that must be met.
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.
What is valid contarct?
A valid contract is an agreement enforceable by law. A Valid Contract is defined under Sec 2(h) of the Indian Contract Act, of 1872. To know the essential features of forming a valid contract, please refer to Desire 4 Legal Knowledge
Is a signed piece of paper legally binding in a contract?
Yes, a signed piece of paper can be legally binding in a contract if it meets the necessary requirements for a valid contract, such as offer, acceptance, consideration, and intention to create legal relations.
Is a contract valid if earnest money is not provided?
In most cases, a contract is still valid even if earnest money is not provided. Earnest money is not required for a contract to be legally binding, but it can serve as a sign of good faith from the buyer.
Is a contract valid after termination of that contract?
No, but the exclusion clauses under it may still be
Is a text agreement legally binding?
Yes, a text agreement can be legally binding if it meets the requirements for a valid contract, such as offer, acceptance, consideration, and intention to create legal relations.
Binding contract buyer sign and co-buyer don't sign is the contract void?
If the contract was supposedly made for a co-signer and lead signer then no, it would be non-valid if not signed by both parties.
Is contract by a non parent to financially support a child enforceable?
It depends on the validity of the contract. If it meets the requirements of a valid contract then it's enforceable.
Can you get out of a car finance contract for being underage?
Generally, if a contract is signed by a person who is under 18 years of age, the contract is not valid.
Explain the elements of a valid contract?
For a contract to be valid, it must contain an offer, acceptance of that offer, consideration (something of value exchanged), legal capacity of the parties involved, and a lawful purpose. Additionally, the agreement must be made by parties who have the intention to create a legally binding relationship.
If we signed a construction contract for the purchase of land and the build of a home but one of the land owners refused to sign the contract what are our legal ramifications?
If one of the fee owners didn't sign the contract then you don't have a valid contract. In order for the contract to purchase land and build on it to be valid and binding on the parties it must be signed by all of the purchasers and all of the fee owners.
