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The subject matter of a contract refers to the specific goods, services, or obligations that the contract relates to. It defines the scope and purpose of the agreement between the parties involved. Clearly defining the subject matter is essential for ensuring that all parties understand their rights and responsibilities under the contract.
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What happens if the subject matter of a contract is destroyed?
The contract is void.
What is the effects of mistake on validity of contract?
If a mistake is made in terms of identity (and it is material) or in terms of the subject matter of the contract then no contract is created. If a mistake is made about the existence of the subject matter or if the contract is frustrated the contract becomes impossible to perform.
What is subject matter of contract?
The agreement made between two parties.
Destruction of the subject matter of the contract?
You agree to sell your kidney for $10,000 Crazy Cannibal Carl accepts your contract and signs it. Doctor Dumb removes the kidney and promptly decides to eat it. ( Destruction of Subject Matter - Since The doctor destroyed the subject matter of your contract Crazy cannibal carl is no longer obligated to pay ) Crazy Cannibal Carl upon hearing this rips up his contract and eats you instead.
Are contracts with illegal subject matter voidable in business?
Yes, all contracts with illegal subject matter are voidable. A judge cannot order enforcement of illegal activities, so the contract is not valid.
What does SME mean?
SME : Subject Matter Expert
What matter expand and contract?
explain how temperature affects matter using the words contract and expand
What does abbreviation SME mean?
SME : Subject Matter Expert
What does the term content of text mean?
the texts subject matter
What does the term content of a text mean?
the texts subject matter
Does matter contract or expand when heated?
Matter expands when it is heated.
How do you make a perfect contract?
If by perfect you mean unable to be legally challenged, I don't think that is possible. If by perfect you mean it meets all of the legal requirements for being a contract, the requisites for formation of a legal contract are an offer, an acceptance, competent parties who have the legal capacity to contract, lawful subject matter, mutuality of agreement, consideration, mutuality of obligation, and, if required under the Statute of Frauds, a writing. If you really don't want to be sued, hiring a competent lawyer now will save you a lot of time, hassle and money in the future.
