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Law of contracts varies from other branches

Essay add: 22-10-2015, 16:51   /   Views: 188

Default by ContractorIn the event that (a) the contractor does not perform the work in accordance with the terms of this contract, the contractor shall not be entitled to full payment on completion of the work.This Contract shall not be assigned, in whole or in part to any other individual, without the prior written consent of the other party.Both parties agree to comply with the terms of this contract, as validated by necessary signatures belowOwnerDateWitnessContractorDateWitnessFrom the above example, this is an example of a written contract. According to the essential elements of a contract, there is an agreement was reached due to consensus-ad-idem where both parties had agreed on the repair of with a total offer of 30,000 dollars by the owner which was accepted by the contractor with the contractor having acquired permits and making use of the chief building inspector, clearly showing intention to create a legal obligation.

It is more so clear that both parties have legal capacity to enter into a contract with a free and genuine consent arrived at. There is further more lawful consideration with both parties agreeing to give something in return in the contract. The object of the agreement is the repair of the wall which is not illegal, backed by inspection by the chief building inspector.

The meaning of the agreement is certain with a precise description of the wall which had a crack.

Article name: Law of contracts varies from other branches essay, research paper, dissertation