Agreement
Consideration
Intention to create legal relations
Certainty
Capacity
Formalities
The 6 elements are -
(1)Offer, (2)Acceptance, (3)Consideration, (4)Capacity of the Parties to Contract, (5)Intent of the Parties to Contract, (6)Object of the Contract .
that probably wont help much if you're from America, coz the laws are slightly difference.
catchya
In the US there are six elelments:
Agreement - an offer and an acceptance are included in an agreement to form a contract. An offer by one party to enter into a legal agreement and an acceptance of the terms by another.
Consideration - Something of value passing from one party to another in return for a promise to do something.
Contractual capacity - the parties must be legally capable of entering into a contractual relationship.
Legality - the object or the purpose of the contract must be legal and not against public policy.
Voluntary consent, or genuineness of assent - the consent of the parties must be genuine. The contract must be a genuine expression of the intentions of the parties.
Form - the contract must be in whatever form the law requires.
I would not necessarily say that there are 6 elements in a contract and they requirements depend on the nature of the contract but generally speaking there are certain features that are required in order to make a contract enforceable. n order to be enforceable, contracts require the following elements:
* Mutual Assent:this means that the parties involved have a shared understanding as to what the contract covers. For example, in a contract involving a model,if one party thinks the contract is for a model car and the other thinks it's for a supermodel, there is no mutual consent and the contract probably will not be enforceable.
* Offer and Acceptance:One party must make an offer, or a communication of the intent to be bound by a contract. The other party must accept, or assent to the terms offered. See also alternatives to acceptance.
* Consideration: the mutual exchange of something of value. Note that even though there may be no mutual consideration, there are rare cases where a mere one-sided promise can be enforced. See detrimental reliance.
Agreement - An agreement consists of both an offer and an acceptance, or can be defined as a meeting of the minds (consensus ad idem).
Consideration - According to Sir Frederick Pollock in Principles of Contract, 'an act of forbearance or the promise thereof is the price for which the promise of the other is bought, and the promise thus given for value is enforceable.'
Intention to create legal relations - The general (but rebuttable) presumption is that social and domestic agreements are not contractually binding, but that commercial or business arrangements are.
Certainty - A contract must be expressed in sufficiently clear and precise terms for it to be given meaning by a court.
Capacity - Minors, drunks, and mentally ill people may in some cases be incapable of entering into a contract.
Formalities - Some contracts have to be in writing to be effective.
Agreement
Consideration
Intention to create legal relations
Certainty
Capacity
Formalities
What r the 6 element please descibe them
Generally speaking, a contract with the federal government or some agency of the federal government.
prime contract
false
You call them and cancel. If you signed a contract, review the contract for any early termination requirements.
It depends on the validity of the contract. If it meets the requirements of a valid contract then it's enforceable.
prime contract
requirements contract
It depends on your service and contract requirements.
If they can meet the requirements to void a contract. It most there are clauses allowing the contract to be nullified, which may be based on failure to obtain financing.
ANYONE can type a contract. If the wording of the contract is "legally sufficient' the responsibility for carrying it out, or performing its requirements, becomes that of the person who signs it.
There are generally six requirements of a valid contract: 1. Agreement- which requires offer and acceptance. 2. Considerations- money. 3.Capacity to contract- Must not be minor, insane or intoxicated. 4.Genuineness of Assent- intention of both parties when contract was entered into. 5. Lawful purpose- must be for legal use in order to be a valid contract or enforceable contract. 6. Lawful Form- if the law requires it to be in writing it must be. Statue of Frauds requires that all Real Estate contracts with the exception of a residential lease lasting less then 3 years must be in writing. Only after all these requirements have been met can a contract be deemed valid and legally enforceable. A meeting of the minds is the most important aspect. In some cases the court can infer contract terms if they determine that there was a contract. The two key items are the Who and What. Who - The names of the parties. What - The obligations of the parties. How much, when and what is the price.
sleeve-fish