answersLogoWhite

0

Contract. There are two forms of enforceable actions in court under this question: 1) A Written Contract - signed by all parties, and any amendments to the contract

2) A verbal agreement, where it can be shown there was some form of agreement between he parties, and that one or more parties took action to fulfill the terms of the agreement (action to fulfill the terms constitutes a binding contract)

User Avatar

Wiki User

16y ago

What else can I help you with?

Continue Learning about Finance

When is a memorandum of agreement enforceable?

A memorandum of agreement (MOA) is generally enforceable when it contains clear and specific terms that outline the obligations of the parties involved, demonstrates mutual consent, and meets legal standards for contracts, such as consideration and lawful purpose. While MOAs may not always require formalities like signatures, having them can strengthen enforceability. Additionally, if the parties exhibit intent to be bound by the agreement and can provide evidence of that intent, the MOA may be deemed enforceable in a court of law.


Hostile debtors agreement?

A hostile debtor's agreement is an agreement between two parties that allows for a repossession to take place. This could be the repossession of an automobile or it could also be a foreclosure. Either way, the parties involved have to go to court to solve issues.


What is contract and agreement?

There is a minor difference between contract and agreement. The outline of a contract is more formally presented than the terms laid out in an agreement. A contract contains the obligations and authority that the court has to enforce while the agreement is a less formal version of the two parties obligations.


What is a legally enforceable debt?

A legally enforceable debt is a debt that meets the requirements to be able to be enforced in a court of law. It is debt that must be repaid.


Can a lawyer draw up a letter for another person to take over a personal loan?

Yes, this is possible - as long as all parties are in agreement. Otherwise, this type of issue, if adversarial, would need to be adjudicated in a civil court of law.

Related Questions

Would is a consent judgment?

A consent judgment is a legal agreement or court order that is approved by all parties involved in a lawsuit. It is typically reached when both parties agree to resolve the dispute without a trial, often outlining the terms of the settlement. Consent judgments are binding and enforceable by the court.


Two parties enter into an agreement one party violates the agreement is the other party still bound?

Question: Is the agreement legally enforceable? If so, then unless both parties agree to dissolve the agreement by mutual agreement, it remains in effect and binding on BOTH signers. If it is legally enforceable, you can take the non-complying party to court and enforce the terms agreed to in the agreement/contract.


What are the essential elements that need to be included in a legally binding agreement between two parties?

A legally binding agreement between two parties should include essential elements such as offer, acceptance, consideration, intention to create legal relations, capacity, and certainty of terms. These elements ensure that the agreement is valid and enforceable in a court of law.


An oral contract that must be in writing to be enforceable is not enforceable unless the parties to it admit to its existence in court?

False


When is a memorandum of agreement enforceable?

A memorandum of agreement (MOA) is generally enforceable when it contains clear and specific terms that outline the obligations of the parties involved, demonstrates mutual consent, and meets legal standards for contracts, such as consideration and lawful purpose. While MOAs may not always require formalities like signatures, having them can strengthen enforceability. Additionally, if the parties exhibit intent to be bound by the agreement and can provide evidence of that intent, the MOA may be deemed enforceable in a court of law.


What is Gentlemen's agreement?

A gentlemen's agreement is an informal, non-legally binding agreement between two parties based on trust, honor, and mutual understanding. It is often used in business or diplomacy when a formal contract is not deemed necessary or practical. However, due to its informal nature, a gentlemen's agreement may not always be enforceable in a court of law.


Is a fax considered a legal document when used in real estate?

Generally that is up to the parties and it depends on what documents you are referring to. For example, if the parties agree to fax a signed purchase and sale agreement and expressed no concern at the time, it would be enforceable in court. A faxed deed would not be considered a legal document and would not be accepted for recording purposes in most jurisdictions.Generally that is up to the parties and it depends on what documents you are referring to. For example, if the parties agree to fax a signed purchase and sale agreement and expressed no concern at the time, it would be enforceable in court. A faxed deed would not be considered a legal document and would not be accepted for recording purposes in most jurisdictions.Generally that is up to the parties and it depends on what documents you are referring to. For example, if the parties agree to fax a signed purchase and sale agreement and expressed no concern at the time, it would be enforceable in court. A faxed deed would not be considered a legal document and would not be accepted for recording purposes in most jurisdictions.Generally that is up to the parties and it depends on what documents you are referring to. For example, if the parties agree to fax a signed purchase and sale agreement and expressed no concern at the time, it would be enforceable in court. A faxed deed would not be considered a legal document and would not be accepted for recording purposes in most jurisdictions.


What is Gentleman Agreement?

A gentleman's agreement is an agreement which is made on each person's word of honor. It is not a legal agreement, but a verbal agreement which can be enforceable in a court of law.


What is the gentleman agreement?

A gentleman's agreement is an agreement which is made on each person's word of honor. It is not a legal agreement, but a verbal agreement which can be enforceable in a court of law.


Can parents enter their own child support agreement if there is already a court order?

No. Any such agreement must be incorporated into a court order to be enforceable.


Does the custodial parent get the child for a whole month during summer?

That type of issue is set forth in the divorce agreement, by court order or by agreement of the parties. There is no single rule.That type of issue is set forth in the divorce agreement, by court order or by agreement of the parties. There is no single rule.That type of issue is set forth in the divorce agreement, by court order or by agreement of the parties. There is no single rule.That type of issue is set forth in the divorce agreement, by court order or by agreement of the parties. There is no single rule.


Is a collective bargaining agreement negotiated between an employer and its workers is an informal agreement outlining the terms and conditions of employment?

employer (US Federal department, agency, or command)