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Every contract involves an agreement but every agreement does not necessarily result in a contract Explain?
Yes all contracts are agreements but all agreements are not contracts. Only those agreements are contracts which can be executable by law and those agreements which cannot/impossible to execute by law is not a contract. For e.g A agreed to pay B if C default payment is a valid contract. where as A agreed to pay B if B do a favour which is illegal is not a contract.
What else can I help you with?
Only one is correct statement explain briefly 1 an invitation to negotiate is a good offer 2 A quasi contract is not a contract at all 3 An agreement to agree is a valid contract?
An agreement to agree is a valid contract as it removes any further or future negotiations because an agreement has already been reached By sameem aman
Can you explain the difference between indemnify and hold harmless in a contract agreement?
In a contract agreement, "indemnify" means to compensate for any losses or damages, while "hold harmless" means to not hold someone legally responsible for certain actions or outcomes.
Can you explain the significance of the emoji in a contract?
The emoji in a contract can signify agreement or approval of the terms outlined in the document. It serves as a visual confirmation of acceptance or understanding between the parties involved.
Is a seller required to explain the sales agreement to the buyer?
No. You can enter into any agreement whether you understand it or not. No law protects the stupid from a bad contract. It is up to the buyer to have their own legal representation when purchasing real property. The buyer's attorney should be on hand to review any P&S Agreement before it's signed binding the buyer to the terms of the contract.
Describe and explain the six steps in the contract management process?
The six steps in the contract management process include: Contract Creation: Drafting and negotiating the terms of the contract to ensure clarity and mutual agreement. Contract Approval: Reviewing the contract for compliance and obtaining necessary approvals from stakeholders. Contract Execution: Finalizing the contract with signatures from all parties, making it legally binding. Contract Implementation: Ensuring that the terms of the contract are fulfilled by both parties, including monitoring performance and compliance. Contract Monitoring: Regularly reviewing contract performance and managing any issues that arise to ensure adherence to terms. Contract Renewal or Termination: Evaluating the contract’s effectiveness near its expiration, deciding whether to renew, renegotiate, or terminate the agreement.
Explain what is a term in contract?
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Explain why a niche company might have an advantage in a market Would price necessarily be an advantage Explain why or why not?
Explain why a niche company might have an advantage in a market would price necessarily be an advantage explain why or why not
What are the chief characteristics of a contract explain them?
contract is 1. an agreement having 2. force of law. these two are important. but it may also include lawful consideration, free consent of parties, lawful objecctand apties must be competent to contarct . this creats a valid contract. otherwise it may become viod contract or voidable contrac. . . . madeeha_kanwal
Explain the elements of a valid contract?
For a contract to be valid, it must contain an offer, acceptance of that offer, consideration (something of value exchanged), legal capacity of the parties involved, and a lawful purpose. Additionally, the agreement must be made by parties who have the intention to create a legally binding relationship.
Can you explain how a forward contract works in financial markets?
A forward contract is an agreement between two parties to buy or sell an asset at a future date for a set price. This allows them to lock in a price now, reducing the risk of price fluctuations. The contract is binding, meaning both parties must fulfill their obligations on the agreed-upon date.
What is termination of a contract?
Kabir made an agreement with Simon on a specific subject matter. Later Simon made a change in the amount of money to be paid the time of payments the place of payments the names of the parties etc. without the consent of kabir whet will be the result? Explain Mr. Jabir is a businessman. He agreed to sell to mr. Shafer specified sacks of paddy in a go down. Before delivery the paddy was requisitioned by the food ministry power. What will be the result? explain
Explain the purpose of a contract with reference to a policy - short term insurance?
What is the purpose of a contract?
