Contract

[kali_billi]

Re: Contract

ooohhhhhhh look 2 blondes talking

[arshad5]

Re: Contract

Are you referring to yourself and MKD Ms Goth :D

I am not on holidays as such....I have decided to take a year out and live a life of leisure and do some travelling towards the end of this year.

[mama_ki_dua]

Re: Contract

I’m not blond

[mama_ki_dua]

@arshad5

Are you referring to yourself and MKD Ms Goth

I am not on holidays as such…I have decided to take a year out and live a life of leisure and do some travelling towards the end of this year.

oh I see. John Brown how’s the jungle now? I think it looked better before

[mama_ki_dua]

@arshad5

The law of contract. In order for a contract to be valid the following requirements must be met.

a) There must be an offer and acceptance, which is in effect the agreement
b) There must be an intention to create legal relations
c) There is a requirement of written formalities in some cases
d) There must be consideration (unless the agreement is under seal)
e) The parties must have capacity to contract
f) There must be genuineness of content by the parties to the terms of the contract
g) The contract must not be contrary to public policy

Have I missed anything out?

[arshad5]

Re: Contract

You are a blonde that's been confirmed :D

[arshad5]

@mama_ki_dua

oh I see. John Brown how’s the jungle now? I think it looked better before

It’s Mr Bond for you

[mama_ki_dua]

Re: Contract

John Brown John Brown John Brown

[AnGeL_EyEs]

by genuiness I assume you mean 'good faith'?

how about delivery? (or performance)...basically how are you going to receive it.

[arshad5]

@AnGeL_EyEs

by genuiness I assume you mean 'good faith'?

how about delivery? (or performance)...basically how are you going to receive it.

Genuineness means that there shouldn't be any misrepresentation.

Performance or delivery would be covered by the offer and acceptance.

[Dr.Rose]

What about misrepresentation/interpretation of the contract?
All I can remember from my 2 days law class is, there’s something about contractual theory. The professor was rambling in his monotonous voice, and I was busy learning how to revolve pen, around my fingers.. Oh lord…

[arshad5]

Re: Contract

Misrepresentation is a ground for cancelling the contract. I guess if the parties disagree about the interpretation then the courts that have jurisdiction will interpret.

[AnGeL_EyEs]

@arshad5

Genuineness means that there shouldn't be any misrepresentation.

Performance or delivery would be covered by the offer and acceptance.

Some people like to include performance and delivery within the contract separately from offer and acceptance. Performance and delivery would state exactly HOW you would give and/or receive...it's more specific. Just an option...prevents misunderstandings and/or misinterpretations.