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Should be two person An agreement is composed of two elements - offer by party & acceptance by other party. {offeree & offeror}, when the offeree gives his assent to the offer, then he is "acceptor"
Should be offer (proposal).
Should be acceptance of offer.
- What is promise?
According to section 2(b) of the Indian contract act, 1872 "a proposal when accepted, becomes a promise."
Example:X offers to sell his car for Rs.100,000 to Y. Y accepts this offer. This offer after acceptance becomes promise and this promise is treated as an agreement between x and y.
In other words, an agreement consists of an offers by on party an acceptance by the other. In the form of an equation, it can be shown as under.
Agreement = Offer(proposal) + Acceptance of offer
What else can I help you with?
When a third part take on anothers obligation under a contract it is called?
The normal term would be an assumption. Many contracts do not allow for assumption or for assignment. If one of the parties does so, there is typically a clause to allow the other to terminate the agreement.
Can you take over another persons mortgage?
It is possible in some cases but must be done with the bank's approval. The bank would require you to sign an assumption agreement.It is possible in some cases but must be done with the bank's approval. The bank would require you to sign an assumption agreement.It is possible in some cases but must be done with the bank's approval. The bank would require you to sign an assumption agreement.It is possible in some cases but must be done with the bank's approval. The bank would require you to sign an assumption agreement.
What is a prenatal agreement?
An agreement set forth and agreed upon by the two un-wed, non-cohabitating parties responsible for the pregnancy. The document should include assumption of paternity, financial agreements,and proposed postpartum shared parental responsibilities.
What is affirmative question?
An affirmative question is a question that is asked with the expectation or assumption that the answer will be "yes" or in the affirmative. It is a way of seeking confirmation or agreement from the listener. For example, "Do you agree with me?" or "Can you help me?"
How do you use assumption in sentence?
It'll take a lot of gumption to espouse that assumption. That's your assumption. That is not an assumption.
What is an assumption of aged people?
I think assumption of older people is cultural assumption What do you think
Sentence for the word assumption?
I do not support your assumption. Your assumption is based upon few facts.
Can a cosigner repossess the car if other party is unable to pay?
Co signer does not have the right of subrogation. ( the power to recoup the losses). His agreement is only with the lender who will demand payment in case the principal borrower fails to pay. He has to honour the agreement. If he pays to the lender, he can have a legal remedy through court and can repossess the vehicle only if the court orders so. ( This is on an assumption that there is no agreement entered into between the principal borrower and the cosigner. Even if there is an agreement it can be enforced through a court only.)
What is a fundamental assumption?
accounting assumption is nothing
What is the suffix or prefix for assumption?
The prefix for "assumption" is "as-".
What is an heroic assumption?
An assumption that is unlikely to be true.
Where is the Assumption Public Library District in Assumption located?
The address of the Assumption Public Library District is: 205 North Oak Street, Assumption, 62510 1100
