The formation of a valid contact becomes useful in ways that allow individuals to have written verification of what was said, what has been agreed upon, and for how long if a time frame is presented. In the process of forming a contract all individuals involved have to realize that a valid contract includes agreements, consideration, contractual capacity, and legality. Beginning with agreement, “an agreement to form a contract includes an offer and an acceptance,” according to Roger Miller. An offer can be viewed as a promise or commitment. Roger identified three elements to make an offer necessary to be effective which are “(1) a serious objective intention by the offeror, (2) terms of the offer must be reasonably certain, or definite, so
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Roger Miller stated, “Any promises made by the parties must be supported by legally sufficient and bargained-for consideration.” Roger Miller also mentions that “legally sufficient value consists of (1) a promise to do something that one has not prior legal duty to do, (2) perform an action that one is otherwise not obligated to do, or (3) refraining from an action that one has a legal right to do.” Often times all parties bring numerous suggestions, concerns, and comments to the forefront in hopes of discussing and developing a solution. Taking the time to hear others will also allow the chance to be heard as well. Hebrews 10:24 New Living Translation (NLT) advises, “Let us think of ways to motivate one another to acts of love and good …show more content…
They should be obedient, always ready to do what is good.” At the same time, Romans 13:1 New Living Translation (NLT) reads, “Everyone must submit to governing authorities. For all authority comes from God, and those in positions of authority have been placed there by God.” Therefore, once an agreement has been made, arrangements have been considered, and all parties are mentally and physically present, the contract must be done for legal purposes and not for show. By the contract being legality it will be relevant and brought into existence. It will also be acceptable in court if one of the parties breach the terms. Overall, the formation of a valid contract takes more than just a couple or several individuals voicing their opinions. It actually takes reaching an agreement that is beneficial for everyone involved. It involves consideration of what each representative has to say. Also, the knowledge of who is mentally and physically present during the duration of the meeting. As well as, understand the valid and enforceable contacts are created for legal purposes. Contracts are utilized for numerous purposes from education, business development, partnerships, banking, legal representation, jobs, and so much
Roger Miller stated, “Any promises made by the parties must be supported by legally sufficient and bargained-for consideration.” Roger Miller also mentions that “legally sufficient value consists of (1) a promise to do something that one has not prior legal duty to do, (2) perform an action that one is otherwise not obligated to do, or (3) refraining from an action that one has a legal right to do.” Often times all parties bring numerous suggestions, concerns, and comments to the forefront in hopes of discussing and developing a solution. Taking the time to hear others will also allow the chance to be heard as well. Hebrews 10:24 New Living Translation (NLT) advises, “Let us think of ways to motivate one another to acts of love and good …show more content…
They should be obedient, always ready to do what is good.” At the same time, Romans 13:1 New Living Translation (NLT) reads, “Everyone must submit to governing authorities. For all authority comes from God, and those in positions of authority have been placed there by God.” Therefore, once an agreement has been made, arrangements have been considered, and all parties are mentally and physically present, the contract must be done for legal purposes and not for show. By the contract being legality it will be relevant and brought into existence. It will also be acceptable in court if one of the parties breach the terms. Overall, the formation of a valid contract takes more than just a couple or several individuals voicing their opinions. It actually takes reaching an agreement that is beneficial for everyone involved. It involves consideration of what each representative has to say. Also, the knowledge of who is mentally and physically present during the duration of the meeting. As well as, understand the valid and enforceable contacts are created for legal purposes. Contracts are utilized for numerous purposes from education, business development, partnerships, banking, legal representation, jobs, and so much