A contract is a legally binding agreement between two or more persons for a particular purpose. It is an instrument for the economic exchange of goods and Economic ExchangeTypes of ContractsContracts Under Civil and Conditions
For a contract to be valid and therefore legally binding, five conditions must be met. First, there must be the mutual consent of both parties. No one can be Economic ExchangeTypes of ContractsContracts Under Civil and Conditions
Types of Contracts
The four most common types of contracts are: 1. the contract of sale, whereby a person acquires the ownership of property in return for payment; 2. the lease … Contracts Under Civil and Common Law
Unlike other agreements, a contract is a legally binding promise. If one of the parties fails or refuses to fulfil its promise without a valid reason recognize… Conditions
For a contract to be valid and therefore legally binding, five conditions must be met. First, there must be the mutual consent of both parties. No one can be h… Sanctions
Parties to a valid contract are always bound by law to carry out their promise. Should they fail to, the other party is free to go to court to force them to comply. A… Consumer Protection and Good Faith
Increasingly, provincial and federal legislatures are acting to protect citizens against certain abusive commercial practices. Consumer protection law, in whi… 