Contract Law

a contract is void when it is lacking mental capacity

the three type of condition for contract are

1.considerations.

2.agreement should be between two party in written.

3.contract should be law full.

CTM

No you cannot since it is an auditor's pen.

Plus they would't take you very seriously...

Revocation of a contract means that the offeror takes back his offer, and the offeree can no longer accept the offer. For a contract to be valid, there needs to be a bargained for exchange, and mutual manifestation of assent. Consider this fact pattern:

On Monday, Alan says to Bob, I will sell you my car for $10,000.

On Tuesday, Bob says to Alan, I will think about it.

On Wednesday, Alan says to Bob, I will not sell you my car.

As of Wednesday, the offer has officially been revoked. On Thursday, Bob can no longer accept the offer because it is no longer available.

This is contract law. If you have any further questions, the best place to turn would be a document called the Second Restatement of Contracts.

i believe it is a promise to pay someone for something/anythings between 2 or more people. To make it binding in some courts the verbal agreement with the intent to repay/replace whatever is being borrowed is good enough, but i would want it in writing if it was something very important to me i was lending. once its in writing its considered a contract. you can write a contract/iou/promise to pay on a cocktail napkin, a piece of a paper bag etc. As long as the signature of the person promising to pay back signs and dates it and a brief discription of the terms of the iou should be included also. U must be able to use the document to prove in court the person showed intent to repay/replace by giving you said document.

Basically a non commited order:

You are building car engines,

I need car engines.

I would say to you, I would like 500 of your engines before the end of the month.

You would try to fill my order.

If you are unable to supply them on time,

I am unable to take action against you, as the order was tentative, not binding.

yes

Until you are 18, or are legally emancipated, you won't be able to sign a binding contract for the lease. But the owner may accept the cosigner's signature.

A letter of arrangement is typically put in place to provide a signed agreement to make payment. Free downloads of sample letters of arrangement can be found on the website domain "Reference."

Construction in Progress (C-in-P) is an inventory account and Progress Billings is a contra account that relates to it. When a contractor incurrs costs from the process of construction it debits it to C-in-P. Here's an example transaction is as follows: C-in-P 10,000

Cash, A/P, etc. 10,000 Depending on whether the contractor is accounting via the completed contract method or percentage of completion method determines the ultimate balance of C-in-P. If percentage of completion method is used then the Gross Profit that results from the yearly recognition of revenue is debited to C-in-P as a sort of value added until the contract's completion. Progress Billings is credited every time an invoice is sent to the customer in request for funds. An example transation is as follows: A/R 15,000

Progress Billings 15,000 At the end of the contract Progress Billings should equal the amount to be collected from the customer. C-in-P and Progress Billings will appear on the Balance Sheet as follows: C-in-P 30,000

Progress Billings <25,000>

Progress in Excess of Billings 5,000 If the current balance of C-in-P is larger than the current balance in Progress Billings it will appear as an asset. If reversed it will appear as a liability because the customer will have greaty equity in the project than the contractor.

When a misrepresentation has occurred and the victim has not affirmed the contract, made the contract impossible to rescind, and the rescission would not affect a third party.

Genuineness of assent to a contract refers to the mutual agreement between parties, free from factors that could undermine consent, such as fraud, misrepresentation, duress, or undue influence. For a contract to be enforceable, both parties must genuinely understand and agree to the terms without coercion or deception. If assent is not genuine, the contract may be voidable, allowing the aggrieved party to seek remedies. This principle ensures fairness and integrity in contractual relationships.

That means the event or condition can take place or be satisfied within three years, but must not, or will not continue beyond three years.

For instance, you are required by a court to make total restitution for damage to your neighbors property within "a period not to exceed three years". This means you will have to pay the entire judgment within a three year term, or suffer other legal remedies...perhaps a jail term.

Another example is that you might be sentenced to prison for a crime that allows a judge to decide the length of the sentence...for instance "a term of not less than six months, but not to exceed three years", which means the judge, on conviction, must sentence you to at least six months, but cannot sentence you to more than three years.

The consequences of rescission of voidable contract is that the other party does not need to perform any promise contained in the contract.

why do the planets look like stars

A misspelling of "merchantability."

This situation can be complicated if there is a third party involved. The gift giver is responsible for paying for a gift. However, if the giver told the recipient to order and arrange the service and that the giver would reimburse the recipient, the recipient is responsible for paying the provider and must pursue the giver for reimbursement.

A substituted agent is as good an agent of the agent as a sub agent is

incorrect statement. The general rule is that an agent can't delegate his

authority and appoint another agent. An agent being delegates cannot

transfer in authority or duties to another ; as per sec 19 an agent can't

lawfully employ another to perform acts which he has express implied by undertake to perform personally unless by the ordinary custom of trade a sub agent may of form the nature of agency the agent must be appointed

section 191, a "sub agent" is a person employed

by an acting under the control of the original agent in the business of agency .

They can be bought and sold but the obligation in the contract remains valid.

mostly, people bet in jueteng, simply because they were hoping that they going to claim money by winning on this illegal game.......

If both parties are agreeable, a contract can be canceled. It cannot be canceled by one side if it would result in damages to the other side. The contract is between the two parties. As long as it is not for something illegal, they can adjust the terms as they wish. If this is in regards to the sale of real property or unique goods, chances are pretty low that you can get out of it. As always, talk with a Texas lawyer to determine what your options are.

E. Wages of production workers.

If a firm were to shut down production, rent would still be owed, insurance premiums would still have to be paid, they would have to honor their long term contracts, and interest payments would still have to be met. But it could lay off any workers not under contract.

How can a party conform to the agreement if they don't know what it is? And they can get a court order for it as well. It is easier just to give them a copy of the agreement.

In modern law that phrase has no legal effect. It is often used as the opening clause in a deed but there would be no consequence if it was omitted.

"Know all men by these presents" is ancient common law language that was used to announce the information presented on a legal document. It was the means of announcing the transaction to the public so that it would be effective against any challenger. Of course, it comes from a time when only men were recognized in any legal affairs and women had no part nor place in the legal dealings of the men in their lives.