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See Also:
- CONTRACT - FORMATION OF CONTRACT - Meaning of contract: what distinguishes contractual obligations from other legal obligations:
"a contract is an agreement giving rise to obligations which are enforced or recognized by law. The factor which distinguished contractual obligations from other legal obligations is that they are…
- CONTRACT - FORMATION OF CONTRACT - Meaning of contract and what distinguishes contractual obligations from other legal obligations
CONTRACT - FORMATION OF CONTRACT - Meaning of contract: what distinguishes contractual obligations from other legal obligations:
- CONTRACT - VALIDITY OF CONTRACT - Essential elements of a valid contract
"For a valid contract to emerge, there are five elements that must be present and recognizable. These are offer, acceptance, consideration, intention to create legal relationship, capacity to create legal…