Dec 30, 2012 · Which of the following is a necessary condition for a contract to be considered valid? A. It can be voided by both parties. B. It can be voided by one of the parties. C. It is enforceable by both the parties. D. It is enforceable by at least one of the parties. Question: Which of the following is a necessary condition for a contract to be considered valid? A.
Sep 16, 2016 · Question 15 of 20 50 50 Points Which of the following is a necessary condition. Question 15 of 20 50 50 points which of the following. School Ashworth College; Course Title BUSINESS C12V; Uploaded By alistermartin10. Pages 9 Ratings 97% (35) ...
A person claiming insanity to set aside a contract. 68)A person claiming insanity to set aside a contract must show that: 68) A) The other person was not aware of the insanity B)The insanity was only temporary C)The other person knew of the insanity D)The insanity was a permanent condition Answer: C. 69)Which of the following groups does not ...
3) In a standardized contract : A) The individual has no choice but to accept and sign on the dotted line. B) The individual must be protected in contract. C) The agreement is without consideration. D) None of the above.
A contract can never be considered valid if the object of the contract is illegal or frowned upon by the law. For example, if I enter into an agreement or contract with you to do something illegal, that contract in the first place can never be valid simply because the object of the contract is not legal. Object of contract must be possible ...
What is consideration in a contract? It is simply what a party to a contract has to give up in satisfaction of what he or she has benefited or gained from the other party to the contract. In the absence of consideration, a contract cannot be considered valid. The object or purpose of the agreement must ...
A contract can be simply defined as a written or spoken agreement between two parties that is legally binding. This simply means that a contract can either be in the form of writing (written contract) or it can be made verbally (verbal contract). In order for a contract to be legally binding and considered valid, ...
Both parties to a contract must have the capacity to enter into a contract. By law, before one can enter into a legally binding contract, the person must be at least 18 years old and be of a sound mind. This means that a contract will be considered void and invalid if any of the parties to the contract is below the age of 18 or is ...
Intention to create legal relations. Both parties to a contract must have the intention to create legal relations while entering into the contract. Basically this means that the parties must understand and know that if one of them goes contrary to the contract, then the other one has the right to sue him or her in a law court.
What offer and acceptance basically means is that one of the parties to the contract must make an offer which must be accepted by the other party to the contract. In the absence of offer and acceptance, then a contract cannot be considered valid. Intention to create legal relations. Both parties to a contract must have the intention ...