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A sales contract comes into existence when there is an offer by one party and an acceptance by another party, along with consideration (usually payment) exchanged for the goods or services. Both parties must have the legal capacity to enter into a contract, and the terms must be clear and definite. Additionally, the contract must be for a lawful purpose. Once these elements are satisfied, the sales contract is legally binding.
What else can I help you with?
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 the translation of Conditional Sales Contract in french?
sales contract conditional. contrat de ventes sous conditions
Is barter a sales contract?
A barter agreement can be an oral contract (subject to the statute of frauds) or a written contract.
What specific clause, when signed by all parties to a sales contract, changes the original terms of the contract?
The specific clause that, when signed by all parties to a sales contract, changes the original terms of the contract is known as an amendment clause.
Distinguish export sales contract and domestic sales contract?
The main difference between export sales contract and domestic sales contract is: 1. Relating to currency issues (both the country have different currency) 2. The second one is law related to export and import dispute (if any dipute arises between two country whose coutry law should be applicable to solve the dispute).
Is forging a sales contract a felony?
Yes
Who are prohibited to give a consent in a contract of sales?
The question is not worded too clearly - but - minors are legally incapable of givng consent to any sales or contract of obligation.
What are the duties of the buyer in a contract of sales of goods?
acceptance
Can you return a car if your spouse didn't sign the sales contract but they released the vehicle to you?
They don't sell cars to "couples" they sell cars to individuals. If there is one name on the contract, and that name has a signature, then the car is sold. They don't care if your spouse is in agreement. The spouse is not a factor in the contract. Yes, this is true provided that your spouses name is not on the sales contract. If you spouse is on the sales contract then it is not completed until he/she signs. -Edward
Can a sixteen year old be held to a legally binding sales contract?
No, they are a minor and the contract cannot be enforced.
Does your boss have to pay you for recurring sales?
depends on the terms of your contract
When did Iran come in to existence?
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