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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…