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Elements of a valid contract essays
something but didnt not agree or make the owner a offer then therefore there is no agreement and. In the Contracts Act, 1950, the first elements in a contract would be offer. The final element of a valid contract is legal consideration. It is essential to have this element in a contract. For example, a tourist writes to hotel K requesting information about the cost and availability of accommodation for the week commencing on the 15th April 2011. 18 years old is stated as the age of a major. There are three rules that need to be followed when creating an acceptance to ensure it is legally bound.
Retrieved August 4, 2011 from px? 1.1.5 Certainty, another main element in a contract would be certainty. To make an offer, there should be at least two parties or even more so that it would be legally capable of entering into a contract. The last requirement of an offer revolves around whether or not the offer has been communicated to the offeree (Mallor., 2010,. For a contract to be made there should be acceptance from the other party or person. In this part of my assignment I will be detailing what the different elements of a valid contract are whilst also linking it in with my own contract. Once it is fills up, the contract has been made between the family and the tour agency. Reference this, contract is an official agreement. It is a promise made between two or more parties that which allow the courts to make judgement. When the other party is clear with the offer, there would make an acceptance once they are clear with the rules and regulations being offer in the contract.
FOR only.38.9/page, hire Writer, in contract law once a legal acceptance is formed a contract gets developed in which case both parties cannot back out of the agreement after the contract has been signed. Invitation to treat: An invitation to treat is usually used to get the parties started with some negotiations to result in a fair agreement for both parties involved. The first element of the contract is the offer. Consideration is also a very important element in the contract. With my Vodafone contract they have a capacity that nobody under the age of 18 is allowed to take out a contract as they are known as a minor but any payments can be taken out of the minors account after three payments have been. The Acceptance: We will write a custom essay sample on Essential elements of a valid contract specifically for you for only.38.9/page, order now, we will write a custom essay sample on Essential elements of a valid contract specifically for you. The offer is what is considered to be the wedding planners expression of willingness to enter into a contract on the terms that have been stated (Contract Basis: Part One, 2011). The offer is very important because it is where the contract initializes, and is presented to the offeree by the offeror (Mallor., 2010,.
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