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What else can I help you with?
What is a set of voluntary promises enforceable by law?
contract
Why is an insurance contract a unilateral contract?
a unilateral contract is one in which one party 's promise is exchanged with other party's act. insurance contract is unilateral because one party ie the insured pays premium regularly and the insured ie the other party promises to compensate for any loss caused to the insured. here the act of paying premium by insured is exchanged with the promise of insurer.
Is a contract a legally enforceable promise or set of promises?
yes any contract is leagaly binding
Does consideration have to be money in a contract?
Consideration in a contract does not have to be money. It can be anything of value exchanged between parties, such as goods, services, or promises.
What term is used to describe a set of volunatry promises enforeable by the law?
Contract
What is insurance?
is a contract between you and an insurance company in which the latter promises to cover your loss
Do reciprocal promises in an executory contract constitute sufficient consideration?
lol no read your text book :P
Why every agreement is not a contract?
Contracts are official documentation. Some agreements are made with oral promises and/or handshakes.
Your friend wants you to invest in a company that promises to reimburse you for your investment plus 9 percent and let you keep all the shares and voting rights Is that too good to be true?
yes - run away from this deal.
What is the contract to pay someone back?
A contract to pay someone back is a legally binding agreement where one party promises to repay a specific amount of money or value to another party within a specified timeframe.
What is Consideration must be possible of performance?
Consideration must be possible of performance means that for a contract to be valid, the promises made by the parties must be capable of being fulfilled. This ensures that the obligations outlined in the agreement can realistically be performed under the circumstances. If the performance is impossible from the outset—due to physical, legal, or other constraints—the contract may be deemed unenforceable. Thus, both parties must have the ability to execute their respective promises for the contract to hold.
What are the key components of a contract between husband and wife?
The key components of a contract between husband and wife typically include mutual consent, consideration (such as promises or obligations), legal capacity to enter into the contract, and a lawful purpose. Additionally, the contract may outline rights and responsibilities, financial agreements, and provisions for dispute resolution.
