Day: March 3, 2022

Note, however, that a voidable contract is different from a void contract. Void contracts can’t be legally enforced, period. The law treats them as if no agreement was ever made. An agreement to perform an illegal action, for instance, is Read More …

Even if a contract exists, it may not necessarily be enforceable. There are a number of reasons why a court might not enforce a contract. Often, it’s to protect people from unfairness in the bargaining process, or in the substance Read More …

A void contract cannot be enforced by law. Void contracts are different from voidable contracts, which are contracts that may be (but not necessarily will be) nullified. However, when a contract is being written and signed, there is no automatic Read More …

An essential ingredient of a valid contract is that the contracting parties must be ‗competent to contract‘. Every person is competent to contract who is of the age of majority and who is of sound mind, and is not qualified Read More …

Invitation to treat is a term of contract law to distinguish advertisements or merchandise displays from formal contract offers. It is an offer to receive an offer. Under UK law, the price tag on an item displayed in a shop Read More …

The essential elements of valid contract as follows: 1. Offer and acceptance- There must be a ‗lawful offer‘ and a ‗lawful acceptance‘ of the offer, thus resulting in an agreement. The adjective ‗lawful‘ implies that the offer and acceptance must Read More …

Offer: an unequivocal and clear manifestation by one party of its intention to contract with another. Unequivocal: clear, definite and without doubt Invitation to treat: This is a mere invitation by a party to another or others to make offers Read More …

A contract: A contract intends to formalize an agreement between two or more parties, in relation to a particular subject. Contracts can cover an extremely broad range of matters, including the sale of goods or real property, the terms of Read More …

Trend 1: More accurate demand planning Vendors and manufacturing organisations in the IT supply chain are moving from plant-level production planning to a demand-driven focus. This creates a more customer-oriented mindset and drives down costs without sacrificing operational efficiency. But Read More …