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Is a promissory note valid with no consideration?
No....a promissory note is not valid without a consideration.
What are the advantages and disadvantages of past consideration?
The advantages of consideration in a valid contract
What circumstances would a contract be valid without any consideration?
from wawa(ums kal) :contracts under seal are valid without a consideration or perbaps
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.
Which of the following is not a valid way to log out of gcss?
which of the following is not a valid way to log out of gcss
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.
What are the least important factors in your consideration?
The general consensus
What is the least valid consideration when considering a Continuity of Operations Plan or COOP in Information Assurance Security in the US Army?
The full question is: What is the least valid consideration when considering a Continuity of Operations Plan or COOP in Information Assurance Security in the US Army? A The location of stored backups B The inconvenience employees experience due to the geographical distance of the back-up site C Training employees in their respective roles and responsibilities D Testing the cotingency disaster and emergency plans The inconvenience employees experience due to the geographical distance of the back site
What constitute a valid contract?
An enforceable contract requires the existence of the following elements: an offer, an acceptance that mirrors the terms of the offer, consideration, and lawful subject matter. The "consideration" can consist of money, property, a promise--just about anything of value that is not unlawful. Generally, a court will not inquire into the adequacy of the consideration. "Consideration" might be thought of as the "this for that" or the "quid pro quo". Even of the other elements are present, a contract cannot be enforced if the object of it is unlawful. That is, one cannot, for example, enforce a contract to rob a bank.
Simple contract special contract?
They are valid element of a contract they are offer and acceptance, legality consideration capacity terms
Key elements of a valid contract?
Offer and Acceptance Consideration Legal relationship Certainty and not vague Completeness of the contract
What does also suffered a detriment?
A "detriment" is one criteria used to satisfy the sufficiency of consideration supporting a valid contract.
