consent, object , consideration
there are four elements of insurance contract... offer,acceptance,consideration...
Perfection or birth of the contract takes place when the parties agree upon the essential elements of the contract.
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 )
Contract to sell is an executory contract while contract of sale is an executed contract.
"Contract of sell" is just "contract of sale" misspelled.
The two most important elements of a contract that every manager should know about are offer and acceptance. The offer is a proposal to create a contract, and acceptance is the agreement by the other party to the terms of the offer. These elements are essential to forming a legally binding contract.
A valid contract includes an offer by one party, acceptance by the other party, consideration exchanged between the parties, legal capacity of the parties to enter into the contract, and a legal purpose for the contract. These elements are essential for a contract to be legally enforceable.
bill of sale
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.
if one of the parties does not have the capacity to contract there will be no contract formed
That means a lender has executed a purchase and sale contract on a property it owns by foreclosure and a sale is pending.
The four elements essential to life areoxygencarbonhydrogennitrogen