Elements -- Consideration and Mutual Assent
Contracts arise when a duty comes into existence, because of a promise made by one of the parties. To be legally binding as a contract, a promise must be … Elements -- Consideration and Mutual Assent
Contracts arise when a duty comes into existence, because of a promise made by one of the parties. To be legally binding as a contract, a promise must be … Governing Laws
Contracts are mainly governed by state statutory and common (judge-made) law and private law (i.e. the private agreement). Private law principally include… Governing Laws
Contracts are mainly governed by state statutory and common (judge-made) law and private law (i.e. the private agreement). Private law principally include… Remedies For Breach of Contract -- Damages
If the agreement does not meet the legal requirements to be considered a valid contract, the “contractual agreement” will not be enforced by the law, and th… Remedies For Breach of Contract -- Damages
If the agreement does not meet the legal requirements to be considered a valid contract, the “contractual agreement” will not be enforced by the law, and th… 