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Agreements made by individuals who are not qualified to enter into contracts, such as minors or those deemed mentally incompetent, are typically considered void or voidable. This means that the agreements lack legal enforceability, and the affected party may choose to affirm or reject the contract upon reaching legal capacity. In some jurisdictions, certain protections are in place to ensure that such individuals are not exploited in contractual situations. Overall, the effect emphasizes the importance of capacity in contract law.
What else can I help you with?
What are torts and contracts examples of?
Torts are civil wrongs that cause harm or loss to another person, such as negligence or defamation. Contracts are legally binding agreements between parties that outline their rights and obligations, such as buying a house or hiring services.
Can you explain me the Article 1165 in the Law of Obligations and Contracts in the Philippines?
Article 1165 of the Law on Obligations and Contracts in the Philippines states that when a person fails to fulfill an obligation, the law allows for the creditor to demand fulfillment or damages. This article emphasizes the principle that contracts must be performed in good faith and that parties are expected to honor their agreements.
What is agreements?
When a person signs a contract to rent a property
Why do you feel you qualified for the job?
A person may feel qualified for a job, because they have previous experience from other jobs. A person may also be qualified because of a college education.
Is experienced person is best or qualified person is best.why?
experienced person..
What are executory contracts and unexpired leases Schedule G-Ch7 Does this include your rental lease for where you live Or is it something else?
== == I normally list all of the following types of contracts and leases on Schedule G: Residential leases (like a rental lease for where the debtor lives, EVEN IF it is only a verbal month-to-month arrangement), cell phone contracts, lot rent agreements, land purchase/sale contracts, home owners association contracts, pager contracts, auto leases, rent-to-own contracts, realtor listing agreements, internet contracts, etc. Also, I always list for EACH contract whether the debtor intends to HONOR & ASSUME the contract, or REJECT the contract. I always put each REJECTED contract on Schedule F as well to be sure the liability on the rejected contract is discharged. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
What are executory contracts and unexpired leases Schedule G Ch7 Does this include your rental lease for where you live Or is it something else?
== == I normally list all of the following types of contracts and leases on Schedule G: Residential leases (like a rental lease for where the debtor lives, EVEN IF it is only a verbal month-to-month arrangement), cell phone contracts, lot rent agreements, land purchase/sale contracts, home owners association contracts, pager contracts, auto leases, rent-to-own contracts, realtor listing agreements, internet contracts, etc. Also, I always list for EACH contract whether the debtor intends to HONOR & ASSUME the contract, or REJECT the contract. I always put each REJECTED contract on Schedule F as well to be sure the liability on the rejected contract is discharged. Please note that nothing in this posting or in any other posting constitutes legal advice; this is simply my understanding of the facts, which I do not warrant, and I am not suggesting any course of action or inaction to any person.
Who is the person who signs contracts for a supermodel?
Their agents
How are mineral deeds bought and sold in the United States?
Mineral deeds are bought just as properties would be. Mineral deeds give a person the right to mine for minerals on a certain piece of land. You must sign many agreements and contracts, and it is advisable to have a lawyer.
Contract valid until person die?
Unless otherwise stated explicitly, a contract is in effect until one of the parties dies. Most contracts do state otherwise in many cases.
What types of contracts must be in writing?
Contracts that involve the sale or transfer of land, contracts that cannot be completed within one year, contracts for the sale of goods over a certain value, and contracts for the payment of another person's debt must be in writing to be enforceable.
A person who draws up contracts?
A person who draws up contracts is typically known as a contract drafter or contract attorney. Their role involves creating legally binding agreements that outline the terms and conditions between parties, ensuring clarity and protecting their clients' interests. They must possess a strong understanding of legal language and principles to effectively draft documents that comply with relevant laws and regulations. This profession is crucial in various fields, including business, real estate, and employment.
