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The only ways to back out of the contract are 1: If you have a written agreement with the dealer to fix the problems. 2: Verbal agreement with the dealer to fix the problem. then if one of these 2 exist, it would be a small claims court deal and the dealer is suppose to be the expert and the court will recognize that and hopefully side with you.

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17y ago

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What is Consideration must be possible of performance?

Consideration must be possible of performance means that for a contract to be valid, the promises made by the parties must be capable of being fulfilled. This ensures that the obligations outlined in the agreement can realistically be performed under the circumstances. If the performance is impossible from the outset—due to physical, legal, or other constraints—the contract may be deemed unenforceable. Thus, both parties must have the ability to execute their respective promises for the contract to hold.


What is a set of voluntary promises enforceable by law?

contract


Is a contract a legally enforceable promise or set of promises?

yes any contract is leagaly binding


Does consideration have to be money in a contract?

Consideration in a contract does not have to be money. It can be anything of value exchanged between parties, such as goods, services, or promises.


What term is used to describe a set of volunatry promises enforeable by the law?

Contract


What is insurance?

is a contract between you and an insurance company in which the latter promises to cover your loss


Is a contract by which one person promises to compensate or reimburse another if he or she suffers a loss from a specific cause or a negligent act?

A contract is anything you agree to that involves terms.


Do reciprocal promises in an executory contract constitute sufficient consideration?

lol no read your text book :P


Why every agreement is not a contract?

Contracts are official documentation. Some agreements are made with oral promises and/or handshakes.


What is the contract to pay someone back?

A contract to pay someone back is a legally binding agreement where one party promises to repay a specific amount of money or value to another party within a specified timeframe.


What are the key components of a contract between husband and wife?

The key components of a contract between husband and wife typically include mutual consent, consideration (such as promises or obligations), legal capacity to enter into the contract, and a lawful purpose. Additionally, the contract may outline rights and responsibilities, financial agreements, and provisions for dispute resolution.


What has the author Martin Hogg written?

Martin Hogg has written: 'Promises and contract law' -- subject(s): Contracts, Promise (Law), LAW / Contracts