Contract Law Essay

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Although the general case is that an adult of sound mind will have full capacity to contract, they may claim that the contract is not enforceable due to such reasons as undue influence, or mental incapacity at the time of entering into the contract. The age of a minor may vary from country to country but the most states put the age at 18 years.

The genera rule that bound contracts entered with minors are that they are not legally liable for any contract which they enter into whether willingly or not (Koffman & Macdonald, 2007 p. This does not however remove the burden of performing the contract for the other person to the contract.

Lecture 8 Law of Contract: Genuine Consent INTRODUCTION Although the contract may have the essentials of a valid offer, acceptance, legal intentions and consideration, its validity or enforceability may be affected by a number of factors.

The agreement may be wanting in genuine consent between the parties.For the purposes of this course, and to avoid possible confusion, we shall use the word ‘representation’ in the latter sense, namely those pre-contractual statements intended to induce a contract but which do not form a part of the contract.Hence, representations must be distinguished from statements that become part of the terms of a contract and will therefore give the innocent party a right to terminate and/or sue in the event of their breach.That is, although the parties may appear to have reached an agreement, it may not have been genuinely achieved because of misconduct, pressure, unfairness, or fear by those involved.As separate issues to genuine consent, the law allows minors and others lacking legal capacity to be relieved of contractual obligations in certain circumstances; additionally, the validity of the contract is affected if the subject matter Statements which induce a contract but are not intended by the parties to become part of the contract are known as ‘non-contractual representations’ or ‘mere representations’.However, if silence distorts an existing representation, then it may constitute misrepresentation.It is an understatement that assignments on contractual relationships between individuals are baffling. For one thing, the subject matter is complex; for another, the format is tricky.At the same time, if your contractions college essay is not free from long-winded clauses, it will be redolent of bombast. If you don’t want to deal with the multi-layered complexity of law assignment writing, use this service.Here you can order a 100% unique paper on any of the following topics: BUY LAW PAPER As you would expect, our help is used by those who don’t know how to write a contract law assignment and those who don’t have time for it.For a contract to be valid, it must have these basic elements: mutual assent, consideration, capacity, and legality.Mutual assent is characterized by offer and acceptance through mutual accent; "consideration," on the other hand denotes any form of compensation with something of value for the goods or services traded.

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