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A contract is a legally enforceable agreementbetween two or more parties with mutual obligations. The remedy at law for breach of contract is "damages" or monetary compensation. In equity, the remedy can be specific performance of the contract or an injunction. Both remedies award the damaged party the "benefit of the bargain" or expectation damages, which are greater than mere reliance damages, as in promissory estoppel.
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All contract are agreement but not all agreement are contract?
all contracts are agreement but all agreements are not contract
What is agreements?
When a person signs a contract to rent a property
Free contract is the?
Free contract is the concept, where people have a freedom to decide what agreements they want to engage into.
Can a contract supersede the law?
No, a contract cannot supersede the law. The law always takes precedence over any agreements made in a contract.
Can you sue anyone for breach of verbal contract in Louisiana?
It will be dependent on the type of contract. Some verbal agreements can be enforced.
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.
What type of law covers written and oral agreements?
Contract law.
Is contract on plain paper enforceable under law?
In most places a written contract is enforceable. There are places where you have to contract on stamped paper for certain types of agreements.
What is the role of collective bargaining in unions?
Negotiating the contract agreements on behalf of the employees.
Does contract law require prenuptial agreements to be notarized?
yes by a licensed notariater
Is an oral contract vaild?
An oral contract can be legal. The agreement cannot violate the statute of frauds, which requires writing for certain agreements.
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.
