The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. … Contracts are promises that the law will enforce
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What Is A Valid Sales Contract
A sales contract is a special type of contract. In order for it to be valid, it must contain clauses about free consent and the competency of the signing parties. A sale and an agreement to sell are part of a sales contract. No formalities. There is no particular form to define a valid contract of sale
What Makes A Contract Of Sale Valid?
The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality. ... Contracts are promises that the law will enforce
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