Contracts are usually based on words, either written or spoken. Such contracts are “express contracts”; i.e., the terms of such contracts are expressed by words, and from those words, the Court can review the parties’ contractual obligations. But not everyone is good at expressing themselves verbally, and not every agreement is reduced to words. Taking […]
What is a Contract? How is it Formed?
A contract is an agreement to do or not do a certain thing. A contract gives rise to an obligation, or legal duty, enforceable in an action at law. The essential elements of a contract are: (1) parties capable of contracting; (2) their consent; (3) a lawful object; (4) a sufficient cause or consideration. The […]