What Is The Importance of Consideration In A Contract?
Introduction Consideration is a vital part of a contract. Consideration is the cost of this contract. An agreement without lawful consideration is void and thus not enforceable by law except under certain conditions. Consideration is the price for…
Read more »What are the Essentials of a Valid Contract?
Introduction: The contract is an agreement. When we need to enter into a contract, we need to know the essentials of a valid contract. In most cases, it must be made in written foment. However, an oral agreement…
Read more »What Is The Difference between a Void and a Voidable Contract?
Introduction Most of the time, people come to make mistakes between a void contract and a voidable contract, and as a result of that, they have to face problems legally. They need to have a clear concept about…
Read more »What is the Importance of Quasi Contract?
Introduction: Sometimes, you may suffer from an unknown hassle and you have to pay an amount on behalf of others. But it is sorry to say that for what reason you have to pay, that is unknown to…
Read more »What is a Capacity to Contract?
(1) Introduction:: Every transaction is made based on the contract, whether it is commercial or personal. We can say that most of the transactions are made for a specific purpose which results in contracts. The contract is used…
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