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What else can I help you with?
How can one homeowner get his name off the contract?
Once a contract is signed the agreement is binding on all parties. It can only be revoked or cancelled by all the same parties.
A agrees to sell to B a hundred tons of oil and B agrees to purchase the same. is this a valid contract?
No, it's technically only an agreement. He's agreeing to buy X amount of something from you and will write up the final price, etc, later. It's only a legally binding contract if you have a "signed" contract. In some states it MAY be legally binding if you have witnesses on both sides of a non signed contract.
Can a landlord deny you an apartment based on your age?
Only if you are under the age of being able to sign a legally binding contract .
Explain consideration and acceptance are the binding element of contract?
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.
What is a legally binding agreement that can be rejected at the option of one of the parties?
A unilateral contract is a legally binding agreement in which only one party makes a promise or undertakes an obligation, while the other party has the option to accept or reject it. If the second party chooses not to accept the terms of the contract, they are generally not bound by its terms.
What is legally binding in a employment contract?
Yes, a verbal agreement is legally binding. However it can be difficult to enforce because there is no fixed record of the terms, only the word, and memories, of the parties to the agreement.
Can a minor sign a loan?
No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.No. A minor cannot sign a binding contract.
Can I cancel a contract that I signed if it is within 72 hours?
A contract is legally binding and in general you cannot cancel it. The only exception is if the contract states there is a period of time to cancel it. Many people have the wrong information on this topic.
What is the purpose and significance of an enurement clause in a contract?
An enurement clause in a contract ensures that the rights and obligations outlined in the contract are binding not only on the parties involved, but also on their successors or assigns. This clause is significant because it helps to maintain the enforceability of the contract even if there are changes in ownership or control of the parties.
In Canada is a verbal contract legally binding?
Technically yes for many things, but only if can be proven to have existed in the first place. There are specific agreements that must be in writing, such as agreements to purchase or sell land, or items for longer than a year.
Can failing to fulfill a verbal condition to a written contract render it null and void?
You cannot verbally modify a written contract. Lawfully a binding legal contract can only be changed using the same medium as the original agreement. (i.e. Verbal contracts can be changed by other verbal agreements). It's not a legally enforceable and binding contractual term if it's not in writing.
Are easy personal loans restricted to people only over the age of 18?
Personal loans are restricted to people only over the age of 18. This is because a loan is considered a legally binding contract. U.S. law prohibits minors from entering a contract as they are deemed incapable of understanding the terms and potential consequences of a contract.
