News Valid Contracts
www.contracts.com
8th October, 2020
Validity of contracts
News headline 02 Void contracts
This contract cannot be enforced by law. It has no legal effect; it is invalid; null
News headline 03 Voidable contracts
A voidable contract is one that has legal effect and force initially, but may be annulled or set aside by the courts.
News headline 01- Valid contracts
News headline 05 Reasons contracts are voidable Misrepresentation, duress or undue influence
News headline 04 Unenforceable contractsThis is a valid contract that the courts would not enforce; it is not capable of being implemented under judicial direction
The validity of contracts
8th October, 2020
www.contracts.com
News headline 01 - Valid contracts
If a contract contains all of the essential characteristics, it is a valid and enforceable contract, in the court of law.The lack of any ONE of these essential characteristics may result in the contract being rendered void, voidable or unenforceable.
The validity of contracts
www.contracts.com
8th October, 2020
News headline 02 - Void contracts
This contract cannot be enforced by law. It has no legal effect; it is invalid; null.This means that this type of agreement is lacking in one or more of the basic elements (characteristics). For eg: Slick agreed to sell Rick his hunting rifle. This agreement is illegal and void and cannot be upheld by law.
The validity of contracts
www.contracts.com
8th October, 2020
News headline 03 - Voidable contracts
A voidable contract is one that has legal effect and force initially, but may be annulled or set aside by the courts.In other words, it is a valid contract that can be ended because one of the parties involved has done something unfair like withold information, a mutual mistake or undue influence.
The validity of contracts
8th October, 2020
www.contracts.com
News headline 04 - Unenforceable contracts
This is a valid contract that the courts would not enforce; it is not capable of being implemented under judicial direction. For example, the agreement did not make provision for foreseeable events that prevented the contract being undertaken or a hire purchase contract brought before the courts that is not supported by written evidence. Such a contract would not be enforceable in a court of law if there is no written evidence.
The validity of contracts
www.contracts.com
8th October, 2020
News headline 05- Reasons why contracts are voidable
- Misrepresentation- a statement made that is not true
- Duress- persons who are threatened or forced to enter an agreement
- Undue infuence- one party pressures the other party into entering the agreement.
Validity of contracts
Natalya Pierre-Gouveia
Created on October 8, 2020
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Transcript
News Valid Contracts
www.contracts.com
8th October, 2020
Validity of contracts
News headline 02 Void contracts
This contract cannot be enforced by law. It has no legal effect; it is invalid; null
News headline 03 Voidable contracts
A voidable contract is one that has legal effect and force initially, but may be annulled or set aside by the courts.
News headline 01- Valid contracts
News headline 05 Reasons contracts are voidable Misrepresentation, duress or undue influence
News headline 04 Unenforceable contractsThis is a valid contract that the courts would not enforce; it is not capable of being implemented under judicial direction
The validity of contracts
8th October, 2020
www.contracts.com
News headline 01 - Valid contracts
If a contract contains all of the essential characteristics, it is a valid and enforceable contract, in the court of law.The lack of any ONE of these essential characteristics may result in the contract being rendered void, voidable or unenforceable.
The validity of contracts
www.contracts.com
8th October, 2020
News headline 02 - Void contracts
This contract cannot be enforced by law. It has no legal effect; it is invalid; null.This means that this type of agreement is lacking in one or more of the basic elements (characteristics). For eg: Slick agreed to sell Rick his hunting rifle. This agreement is illegal and void and cannot be upheld by law.
The validity of contracts
www.contracts.com
8th October, 2020
News headline 03 - Voidable contracts
A voidable contract is one that has legal effect and force initially, but may be annulled or set aside by the courts.In other words, it is a valid contract that can be ended because one of the parties involved has done something unfair like withold information, a mutual mistake or undue influence.
The validity of contracts
8th October, 2020
www.contracts.com
News headline 04 - Unenforceable contracts
This is a valid contract that the courts would not enforce; it is not capable of being implemented under judicial direction. For example, the agreement did not make provision for foreseeable events that prevented the contract being undertaken or a hire purchase contract brought before the courts that is not supported by written evidence. Such a contract would not be enforceable in a court of law if there is no written evidence.
The validity of contracts
www.contracts.com
8th October, 2020
News headline 05- Reasons why contracts are voidable