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Contract Law

Law covering the establishment, administration of contracts (legally enforceable agreements), the rights and obligations of those entering into contracts, the validity of contracts and disputes over contracts.

2,211 Questions

What is one purpose of contract administration?

Contracts administration is extremely important as it can mean the difference between the success or failure of a project. It is essential for the smooth running of any project, and ensures that everyone involved has a clear understanding of what is required, and that everyone is on the same page.

What is turnkey project?

•One of the special modes of carrying out international business is a turnkey project. It is a contract under which a firm agrees to fully design, construct and equip a manufacturing/ business/ service facility and turn the project over to the purchaser when it is ready for operation for a remuneration

The preamble includes the idea of a contract between what two groups?

The preamble includes the idea of a contract between what two groups? the people and the government

Can you educate me about article 1182 from the subject law of obligation and contracts?

Article 1181 suggests that the extinguishment and the fulfillment of the condition is dependent on the happening of the event. This means that the person's fulfillment of the obligation will be dependent on whether the condition will actually happen. So for example, if April coincidentally got an A in the quiz, then he will fulfill his obligation to April because she got an A. The happening was not implied, it just happened meaning its dependent on the condition. :)

Can an ex-wife notarize documents for ex-husband in ny?

There would be no issue with doing that. A notary can notarize the signature for anyone, though there may be restrictions about doing it for a relation, in this case there are none.

Is a contract binding if it has no end date?

Not necessarily, but if it doesn't it should be written within the contract that the contract may be subject to change or termination at any time.

What are retainer fees?

A retainer fee can form part of an employment contract. The easiest explanation is by example.... an actor is contracted from January to July and then again from September to December on separate contracts ... the period between July and September would ordinarily go unpaid, however, to make the job offer more attractice the employer might offer a reduced fee for this period to attract the best possible candidate for the job...the period in which the reduced fee is paid is referred to as a retainer fee and commonly, the employee will not be required to work in this period, however, the employer will probably want to retain the right to call upon the employee if needed.

What is the difference between a treaty and a contract?

In terms of international law, there is no difference, they both have the same effect and treatment. Over history, however, treaties have usually come to be signed by a limited number of parties whereas conventions have been agreed upon by a larger number of nations, even as they remain open for more to join and efforts continue to bring them aboard.

What was the goal of the Contract With America-?

to win republican control of the house or representatives

What is the difference between hedging and forward contracts?

A forward contract is an agreement between two parties to buy or sell an asset at a certain future time for a certain price agreed today. An option is an agreement between two parties for the option to buy or sell an asset at a certain future time for a certain price agreed today. The main difference is that a forward contract has to happen while an option may or may not happen depending on the value of the asset compared to the agreed price

What are the conditions of contract?

"Terms and Conditions" is a common phrase associated with contracts. They provide specifics on what things need to be done by both parties. It may indicate what date the bill is to be paid, the process for changing clauses in the contract, or even what happens at the end of the contract. The T&C's on a contract can be one or two paragraphs, or even run to hundreds of pages.

What are an Example case of consideration in the law of contract?

For example, if you went into a store to buy a computer for $500 then the computer is consideration from the store and the $500 is consideration from you.

Consideration simply means something of value given by each party to a contract and there must be consideration on both sides for the contract to be valid.

If the store promised to give you a free computer and later changed their mind, you could not hold them to the contract because you did not offer them anything of value - there was no consideration from your side.

What is the difference between an employee and an independent contractor?

A small business person may be an independent contractor, meaning only that he or she sells services for a fee, as opposed to being an employee (which is distinctly not "independent"). An independent contractor refers to anyone selling you services (often a corporation or LLC, but also any small business), as long as it is not a joint venture or employment relationship.

Do you have to sign a contract?

yes because when u are signing papers they will ask for a signature

What is offer in contract?

An offer in its shortest form is basically an invitation to contract.

Does an email constitute written notice for eviction?

Yes it does constitute a written notice.

Another View: (in the US) NO, an e-mail does NOT serve as a legal notice because there is no confirmation that it was sent by an individual who had the legal "standing" to send it - or sent to a valid e-mail address - or received by the person for whom it was intended.

What is the function of a non-disclosure agreement?

A nondisclosure agreement is a contract signed by one party to protect the private interests of the second party by having the first party agree to keep secret certain defined details shared between the two. In other words, it is a contract that restricts access to certain information by preventing a person (or persons) from disclosing that information to external parties.

This is usually required by corporations and other private entities to protect proprietary secrets or other sensitive information so that they cannot fall into the hands of competitors.

In some cases, even a bilateral nondisclosure agreement may be involved, which requires that both parties agree to not disclosure certain secret information that they both will be offering or sharing.

What is the legal status of a verbal contract?

Three Elements of a Verbal Contract In order to be considered valid, a verbal contract must contain three elements: offer, acceptance, and consideration. • Offer: The person making the offer in a verbal contract must communicate their intent to enter into a contract. A verbal contract is not considered valid if all parties do not agree to the terms of the offer. Also, verbal contracts are only valid for a specified period of time and not indefinitely. • Acceptance: A verbal contract is not valid until the offer is accepted. The acceptance of a verbal contract occurs when the person to whom the contract is offered voluntarily indicates agreement to its terms and conditions. • Consideration: In addition to an offer and acceptance, verbal contracts must contain consideration. This means that each side must give the other something of value for the agreement to be binding. In most verbal contracts, this is an exchange of money, such as a down payment. However, in some cases, it is not money but a promise that is exchanged. Verbal Contract Law Verbal contracts are a convenient and commonly used form of agreement between two parties. However, the main problem with a verbal contract is that if any problems should arise and there were no witnesses to the agreement, the case is reduced to one party''s word against another''s. Even if verbal contract law is followed, a verbal contract is often easily contested. The best way to ensure that your contract will be binding is to consult with a legal professional who can help you understand the law and determine your options. If you are involved in a dispute over a verbal contract, a qualified contract lawyer can help you maximize your legal rights and interests .

Is a medical bill a written contract?

When you first visit the doctor, there is a form you sign stating that you are ultimately the one who is responsible for the bill. If the insurance does not pay when they should, you need to get after them to get the problem solved. After a couple of years, they do not have to pay if you have not sent in a claim.

What is the difference between a simple contract and a mere agreement?

A simple contract is one that is very basic and on paper with signatures. A mere agreement may only be verbal.

What is a contract execution date?

At some point in a condemned person who has been given the death penalty, all appeals to lift the death penalty runs out. At that point a court decides when a condemned person will be executed. The appeal process on death penalty cases can run for 20 years or more.

What are main differences between criminal law and civil law including tort law?

Quite simply, criminal law deals with violations of statutory crime and its punishment, civil law deals with non-criminal things such as contracts/business, and things such as divorce, etc. You can be charged under both criminal and civil proceedings though. A perfect example is OJ Simpson being aquitted of criminal charges but being found guilty in civil proceedings. Probably the biggest difference between the two is what is called "BURDEN OF PROOF"

In criminal proceedings the burden is "BEYOND ALL REASONABLE DOUBT" for someone to be convicted. This means that the evidence points substantially towards guilt and there is little to no question of guilt. For a jury in this case you would need everyone in agreement or the case is a mistrial. Unaminity is the key.

In civil proceedings all that is required is "preponderance of evidence" which means that if it is found that it was more likely than not that an incident occured then you can be convicted. This kind of proceeding is really a "who has the best evidence" type of case. Only a majority of jury members decision is needed in this case.

ANSWER 2

1. Criminal Law cases must prove the person's guilt beyond reasonable doubt, whilst civil cases must be proved on the balance of probability

2. The main difference however is who the law is aimed at.

Theoretically criminal law is a considered to be harming all members of society. Consequently, the victim of the criminal case is all of society; hence the case is brought on behalf of the police and prosecution on behalf of society. In contrast to this, civil/private law, the offence is committed against the individual :)