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Is a contract valid if one of its terms breaks the law Why or why not?
Wiki User
∙ 13y ago
By definition, no contract can be made if the terms when enforced are meant to break the law or comitt a crime. So in essence, it would be called an illegal contract that cannot be enforced or sued for to be enforced.
Wiki User
∙ 13y ago
If a contract includes terms that are illegal, that particular term would be considered void and unenforceable. However, the rest of the contract may still be valid if the illegal term can be separated without affecting the overall agreement. It is important to ensure that contracts comply with the law to maintain their validity.
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What does essential and material terms refer to in legal law?
Essential terms in a legal contract are crucial terms that are necessary for the agreement to be valid and enforceable. Material terms are terms that are important to the subject matter of the contract and are essential for defining the rights and obligations of the parties involved. Both essential and material terms are key components of a legally binding contract.
A mere mental acceptance not evidenced by words or conduct is in the eyes of law no acceptance?
In legal terms, for an acceptance to be valid, it must be communicated through words or conduct that clearly demonstrate agreement to the terms of an offer. Simply thinking about acceptance without expressing it is not sufficient for a legally binding contract to be formed. Communication is key in contract law.
What is the Difference between valid and void contract?
A valid contract is legally enforceable and meets all the essential elements required by law, such as mutual assent, consideration, capacity, legality, and proper form. On the other hand, a void contract is not legally binding from the beginning due to a fundamental flaw, such as illegality, lack of capacity, impossibility, or violation of public policy. A void contract is treated as if it never existed, while a valid contract creates legal obligations between the parties.
Example of nominate contract under the law?
A nominate contract is one that has a specific name attached to it. An example of a contract of this type would be an apartment lease or a loan agreement.
What is Payment terms in law?
the payment for goods delivered by the seller is a very important part to the contract. The payment terms will normally be agreed between the parties when the contract is negotiated. It will be usual to expect payment on delivery, payment by instalments or payment by any method agreed by the parties.
What type of contract requires a law to be broken?
It would not be a valid contract. A contract to break the law is illegal.
What is the definition for the word ratify and include an example as it pertains to law?
In law terms, ratify means to make valid or effective. Pertaining to the law, it could be ratification of a treaty, contract or protocol.
What is the Difference between valid and void contract?
A valid contract is legally enforceable and meets all the essential elements required by law, such as mutual assent, consideration, capacity, legality, and proper form. On the other hand, a void contract is not legally binding from the beginning due to a fundamental flaw, such as illegality, lack of capacity, impossibility, or violation of public policy. A void contract is treated as if it never existed, while a valid contract creates legal obligations between the parties.
What is valid contarct?
A valid contract is an agreement enforceable by law. A Valid Contract is defined under Sec 2(h) of the Indian Contract Act, of 1872. To know the essential features of forming a valid contract, please refer to Desire 4 Legal Knowledge
Is valid and voidable both means same or not?
Valid and voidable are not same because valid is one which is enforcable in law and voidable" is on which is unenforceable in law. Difference between enforcable and unenforceable is enforcable is which is accepted in terms of law and unenforceable is which is not accepted in terms of law. So it cant be same...... - Krithika
If a contract is not enforceable is it valid in Va?
The contract is always inforceable by law. And all the parties are legally perfoming there contracts.
Classification of contract?
give a detailed analysis on the classification of a contract suggesting their practicability in really life
Is money lending a valid contract?
It depends on the contract If you are borrowing from a bank or other valid institution I will guaranty the contract will be valid and enforceable. If you are borrowing from your local loan shark, the "contract" may not be valid, but do you want to take the chance?
Is a contract that was signed in Hong Kong to operate a franchise in the US still valid if the contract was signed in HK without a notary?
The issue of the notary is not important. The issue is the type of contract, the wording and if the contract is valid under US not HK law.
What happens if a teacher breaks their contract by quitting can they go to Jail?
No. An employment contract is a violation of civil law not criminal law. It will depend on the penalty wording of the contract as to what action may be taken against them.
Is there such a relative as nephew-in-law which would be my brother-in-law's son?
Yes, niece and nephew-in-law are valid terms.
Can a unenforceable contract be a valid contract?
An unenforceable contract is one that has all the elements of a valid contract, but has some sort of defect that prevents it from being legally enforced. For instance, according to the statute of frauds in English common law, a contract for the sale of a piece of land must be in writing; if it isn't, the contract is not legally enforceable.
