Voidable contract
Voidable contract
An agreement which is enforceable by at the option or on or more of the parties thereto, but not at the option of the other or others, is a voidable contract
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Conditions for contract
Conditions for contract Agreement Consideration Enforceable by law
How is a contract made?
How is a contract made? Proposer makes an unconditional offer to the other party. The other party accepts the proposal and the proposal becomes a promise and the parties are now legally promisor and promise The promise should have consideration; if the promise does not have consideration then it is …
What is a promise?
What is a promise? You can say in simple words that promise is an accepted proposal. When does the proposal become a promise? Proposal becomes a promise when the proposal is accepted by the promise. If the proposal is accepted a contract is made, but if the proposal is not …