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An offer is valid only if it is made with an intention of getting the assent of another. when there is no acceptance the contract does not come into existence. For a valid contract there must be consideration which need not be adequate.

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13y ago

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Related Questions

A legally binding contract must include some type of?

Offer, acceptance, and consideration.


Can an invoice serve as a legally binding contract?

Yes, an invoice can serve as a legally binding contract if it contains all the necessary elements of a contract, such as an offer, acceptance, consideration, and mutual agreement.


Is an offer and acceptance a binding contract?

Yes, an offer and acceptance form the basis of a legally binding contract. Once an offer is made by one party and accepted by the other party, with agreement on the terms, consideration, and intention to create legal relations, a contract is formed.


Is an offer a binding contract?

It is when the letter of offer is responded to by a sufficient and communicated acceptance, and supported by legally-sufficient consideration to form a contract, with no defenses as to its enforcement.


What do you need for a contract to be legally binding?

For a contract to be legally binding, it typically needs four key elements: an offer, acceptance, consideration (something of value exchanged), and the intention to create a legal relationship.


Is a signed piece of paper legally binding in a contract?

Yes, a signed piece of paper can be legally binding in a contract if it meets the necessary requirements for a valid contract, such as offer, acceptance, consideration, and intention to create legal relations.


Is it possible for a text message to be legally binding?

Yes, a text message can be legally binding if it meets the requirements for a contract, such as offer, acceptance, and consideration, and if both parties intend for it to be legally binding.


Is a text message considered a binding contract?

No, a text message is not typically considered a binding contract unless it meets specific legal requirements such as offer, acceptance, and consideration. It is important to consult with a legal professional for specific advice on contract formation.


Is a text agreement legally binding?

Yes, a text agreement can be legally binding if it meets the requirements for a valid contract, such as offer, acceptance, consideration, and intention to create legal relations.


Is an oral contract to sell a house binding if the buyer paid the price and received the deed of conveyance?

You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.You have not provided enough detail. If the deed was executed and delivered in exchange for the consideration a contract to sell would be moot. You need to explain why you're asking if that oral contract is binding.


Will a contract always be valid and binding when its contains consideration?

Just because a contract contains consideration does not mean it is legal or binding. There are other requirements that must be met.


Can a text message be considered a legally binding contract?

Yes, a text message can be considered a legally binding contract if it meets the requirements of a contract, such as offer, acceptance, consideration, and intention to create legal relations. It is important to note that the content of the text message and the context in which it was sent will determine its legal validity.