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When 2 or more people make a contract they are agreeing to give each other something for something eg I pay you $1.oo for that tree. If you give me the tree and I do not give you the money we agreed upon that is a breach of contract. By law a judge is going to make me give you the money if there is proof of contract. A contract can be written on a napkin. There must be some kind of writing. In some cases witnesses can serve as proof. Hope this helps.
i dont think so it is important to have something written when you are in contract. some times signed contracts are also not enforceable if we dnt have legal intention at the time of signing contract. can some body clear this point to me please?
What else can I help you with?
A formal agreement enforceable by law?
i think it's a contract
How does a contract differ from an agreement?
An agreement is any arrangement that is agreed upon by two or more parties. A contract, on the other hand, is a legal and formal agreement between two or more entities which is enforceable by law.
What do you mean by contract to sell?
The contract to sell refers a binding legal agreement between the buyer and sell about the sale of something. The contract to sell is usually enforceable by law.
Which test would you apply to ascertain whether an agreement is contract?
A valid contract is legally enforceable and defined by law. A test that you would apply to ascertain whether an agreement is a contract would be looking at the benefits and duties between the parties of the agreement.
All contracts are agreements but all agreements are not contract discus?
Contracts are agreements that are legally enforceable. An agreement does not have to be legally enforceable in order to be an agreement. The element of enforceability by law is what distinguishes the two.
All contracts are agreement nall agreements are not contract?
some agreements are not enforceable by law, so they are not contracts. so does that mean a collaborator agreement is voided out because there is no ending date on it?
Difference between void agreement and void contract?
1. An agreement which is not enforceable by law by either of the parties is void agreement .Whereas, an agreement which was legally enforceable when entered into but which has become void due to supervening impossibility of performance. 2.For example:All domestic and social agreements can never create any legal rights and obligations. Also, an agreement without consideration or with minor is void agreement. A contract b/w a citizen of Pakistan and India is valid contract during peace but if war breaks out b/w both, the agreement will become void contract.
What is void agreement?
section2(g) provides, "an agreement not enforceable by law is said to be void" the void agreement does not create legal relations between parties and is void ab-initio(from the beginning).
What is a set of voluntary promises enforceable by law?
contract
What is the meaning of enforceable by law?
Enforceable by law refers to a rule, regulation, or agreement that has legal validity and can be upheld or enforced through legal means. It means that if someone fails to comply with the terms or obligations specified in the law or agreement, legal actions can be taken against them to ensure compliance or seek remedies.
When entering in international contract can agreeing parties choose Islamic law as choice of applicable law even though they are not from Islamic country or in any way connected to Islam?
A:To be a contract in the legal sense, the contract must be enforceable, otherwise it is just a gentleman's agreement. To be enforceable, there must be a jurisdiction that has the power to enforce the contract. If neither party is from an Islamic country and neither party is a Muslim, that could be difficult. It may be possible to create the contract under the law of, say, Saudi Arabia provided that conditions are met which make the contract enforceable in Saudi Arabia.
What are the incompetent party in a contract?
how contract with an incompetant person con be enforceable by law
