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Showing posts from June, 2024

Offer and Legal rules for a valid offer.

 An "offer" is a fundamental concept in contract law, representing a clear and definite proposal made by one party (the offeror) to another party (the offeree) with the intention of creating a legally binding agreement if the offeree accepts the terms as presented. Here's a breakdown of the legal rules for a valid offer: 1. Intent to Create Legal Relations:    - The offeror must intend to create a legally binding agreement by making the offer. Social invitations, statements of intention, or mere expressions of interest are generally not considered offers because they lack this intent. 2. Definiteness and Certainty:    - The offer must be clear, definite, and certain in its terms. It should sufficiently identify the subject matter, price, quantity, and any other essential terms to enable the offeree to understand what is being proposed. 3. Communication:    - The offer must be communicated to the offeree. It can be communicated orally, in writing, or through conduct, but t

Difference Between Void Agreement and Voidable Contract &Illegal Agreement

 A void agreement and a voidable contract are both legal terms used to describe situations where a contract may not be enforceable, but there are key differences between the two: 1. Void Agreement:    - A void agreement is one that is not legally binding from the outset. It lacks the essential elements required to be considered a valid contract. These essential elements include offer, acceptance, consideration, capacity, intention to create legal relations, legality of purpose, and certainty of terms.    - Examples of void agreements include agreements made by parties who are not legally competent (such as minors or mentally incapacitated individuals), agreements with unlawful objectives (such as agreements to commit a crime), or agreements that violate public policy. 2. Voidable Contract:    - A voidable contract, on the other hand, is initially considered valid and enforceable, but due to certain circumstances or defects, one or both parties have the option to either enforce or void