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A new contract replacing an old one becomes enforceable when both parties agree to the terms and conditions, demonstrating mutual consent. Additionally, the new contract must contain legal consideration, meaning something of value is exchanged. It should also meet any legal requirements, such as being in writing if mandated by law, and must not violate any existing laws. Once these criteria are satisfied, the new contract supersedes the old one.

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2mo ago

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Related Questions

Is an old real estate contract enforceable if you sign a new one?

i would not think so.


How old do you have to be to enter into a contract in Venezuela?

Only an adult can enter into an enforceable contract. In Venezuela that is the age of 18.


Can a 17 year old sign a contract in Mighigan?

They can sign it, but it is not legally enforceable.


Can 17 yr old sign into a legal contract dallas tx?

No, a 17 year old cannot sign an enforceable contract. You must be 18 to do that. However, if the 17 year old confirms the contract after turning 18, (by making a payment or other action) it can be enforced.


How old must you be to own real estate in GA?

Typically 18 years old...however....A minor child (under18) can be in title if the property is held in a "trust" for the benefit of the child. A minor can not legally sign a contract and it be an "enforceable" contract.


Can a parent seek a refund from a school or charity when the cash contributed belonged to parent and was contributed without the parents knowledge by his nine year old son?

A nine year old cannot sign an enforceable contract. The parents do not have to honor it.


Replacing old feathers with new ones is called?

molting


Is an old construction contract void after signing a new one?

An old construction contract is not automatically void after signing a new one unless the new contract explicitly states that it replaces the old one. If the new contract is for the same project or scope of work, and there is no clear termination of the old contract, both contracts may potentially coexist, leading to confusion and disputes. It's essential to review both contracts and consult legal counsel to determine their validity and any implications of signing the new one.


What is replacing old presidential appointees with new friends?

"Spoils System"


Is a bilateral contract modification a contract?

It depends on whether both sides gave new consideration (something in exchange for something). If only one party did something different under the contract, then it is gratuitous and only the original contract is legitimate. If both parties offered something new to the contract then there is a new contract formed and the old contract is thrown out.


Can you put a lien on a business if the owners verbally promised a certain amount of money and never respected the verbally contract between both of us?

Sorry. No. You're learning a hard fact of life. Verbal "contracts" are not legally enforceable. The old saying is very true; "A verbal contract is worth the paper it is printed on."


How does an ignition switch get fixed?

Usually by removing the old switch and replacing with a new switch.

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