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Q: Is the contract in the movie Indecent Proposal valid?
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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.


Acceptance under Indian contract act 1872?

Acceptance under the Indian Contract Act, 1872 refers to the agreed and voluntary consent of both parties to accept the terms and conditions of a contract. It must be communicated and should be absolute and unconditional. The acceptance can be made orally, in writing, or by way of conduct, depending on the circumstances of the contract.


What are the examples of essentialia of a contract?

valid contract


If an item line of a contract is changed and not initialed by both party's is it still a valid contract?

No. It is no longer valid.


How can misrepresentation affect a valid contract?

When someone is induced into entering into a contract as a result of a false statement.


Explain the elements of a valid contract?

Valid elements of a contract include both parties signatures. A contract must also include both parties agreeing on the terms of the contract.


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?


Define contractGive essential elements of a valid contract?

An agreement enforceable by law is a contract.(agreement+enforceability by law=contract) Elements: 1) proposal and acceptance 2) lawful consideration 3) free consent 4) writing and registration. 5) legal relationship 6) capacity of parties. 7) possibility of performance.


If the signatories to a contract change is the original contract still valid?

The contract technically isn't valid if the name has changed. You should resign a contract if you would like to continue the business relationship.


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 viodable contract is a type of valid contract?

Yes: It is a valid contract in the beginning but subsequently it changes into voidable contract due to some uncertain reasons. For example; A person do contract to B person that he will give some garments importing from London and the B accepts it, after it in the way some thing happen and the product is destroyed then a valid contract will be change in a voidable contract.


If you signed a contract while you were stoned and you can prove you were incapacitated is that contract valid?

No