Contract

crucial component of a legally enforceable contract is that the parties to a contract must be competent. A competent party is an individual who is of legal age and has at least normal mentality considered by law to be capable of comprehending the meaning of a contract. Throughout time, the law has always attempted to protect young people from adults who may attempt to take advantage of them. An individual is not bound by the terms of his or her contract until he or she reaches the age of…

Contract can be defined as two or more groups reach a consensus with the condition of intention of necessary legal rights and the forced obligations by laws. There are two formats of contract, one is formal which is valid as a result of particular form, the other form is simple which is no specific form. The main difference of these two is whether the contract need to be supported by consideration or not. Power of Attorney which can be seen as an example of formal contract is enforceable…

Contract Analysis: Case Study The Marshall situation may be complicated since there is an implied contract as well as a written contract involved. I would ensure an end of the agreement first through Biblical approach then if necessary by legal means. My son was still a minor while signing the contract and I was entitled to knowledge of the written consent before the signing. Even though Marshall is not a Christian, Proverbs 15:31 (NIV) applies to those in the wrong, “Whoever heeds life-giving…

Consideration is a something that is worth and has value such as an item or services. It was concerned with the bargain of the contract and it is based on an exchange of promises. Each party receives a benefit and another party suffers a detriment. The benefit or detriment is called as consideration. According to the S. 2(d) of Contract Acts 1950, it said that ‘’when, at the desire of the promisor, the promisee or any other person has done or abstained from doing, or does or abstains from doing,…

Question A. Yes, this is an enforceable contract. Postal rule is one of the rules of contract law that makes an exception to the general rule that an acceptance can only occur when communicated directly to the offeror. This is considered a legal binding contract as the acceptance match with the offer. It is an enforceable contract due to reasons mentioned below. 4 elements of a contract The elements to create a legally binding contract are as follows; 1. Legal capacity – a person above 18 years…

Social Contract Theory A lot of people have differences and usually find it hard to concur with each other. The greater good is the word applied in order to illustrate a term that is both agreeable to the two parties. This study will aim to analyze the social contract theory using different views as well as the incorporation of the authority systems. The following provision will tackle the social contract theory. Social Contract Theory The importance of social contract theory demonstrates the…

theories of government, or social contracts. These social contract theories allow us to better understand the course humanity takes and the reasoning behind this when forming a social contract to create a Sovereign body to rule over it. The two main social contract theorists are Locke and Hobbes. These two philosophers have written contrasting accounts of the social contract theory that land upon equally contrasting conclusions. In historical terms, the social contract theories stem from the…

to others in every social group that I’ve been a part of. Additionally, the Social Contract Theory can be the force that keeps changes from happening in a society. People like Gandhi and Martin Luther King Jr. would have never been able to impact their communities as much as they did if their fellow neighbors stuck with what was moral under the contract. With flaws like these, it’s clear that the Social Contract Theory is not perfect and has its fair share of…

Argument #2 Social Contract Social contracts are an individual 's moral and ethical political obligations, which are dependent upon a contract or agreement. It addresses questions of the origin of the society, and the legitimacy of the authority the state holds over an individual. For Locke, since the state of nature is a state of liberty where people recognize the presence of the Law of Nature and, therefore, do not harm one another, the state of war differs from the state of nature. Property…

mother breastfeeding her baby. All of them are coexisting with society together and showing the benefits of the social contract theory. The meaning of the social contract theory is the unspoken agreement of that people will accept each other 's differences whether it be moral or political and live in society together. Many philosophers have different views on the social contract theory. According to Hobbes, the main goal of the State is individual security. While people love freedom and…