What Makes An Agreement Enforceable By Law

Agreements reached where a party has been coerced, coerced, misrepresented, deemed inappropriate or threatened are not valid. Misrepresentation includes the deliberate withholding of information affecting the terms of the contract. The undue influence of a victim is a biased orientation of a person and a justified reason for the courts to deny the claims of a party who is not willing to associate with what turns out not to be entitled to benefits. A treaty is an agreement applicable by law, in which any promise and series of promises that constitute the mutual consideration is an agreement. Contract law is the most important part of commercial law, since each commercial transaction is an agreement between or more people. The objectives of contract law are to introduce clarity into commercial and other transactions. To be enforceable, the contractual action must be completed. For example, if the bidder pays the purchase price of BDT 30lac, they can enforce the car`s delivery contract. However, unless the contract provides for delivery to be made prior to payment, the bidder may not be able to enforce the contract if it does not pay the BDT 30lac. In addition, depending on the contractual terms, the supplier may not be able to apply the contract without delivering the vehicle beforehand. In a typical breach action, the party alleging the breach will resign from the performance of all contractual obligations, while the other party has not fulfilled its obligations or obligations. As noted above, only these agreements become contracts that meet the condition set out in Section 10 of the Indian Contract Act.

As an essential part of an enforceable contract, the consideration is equivalent to financial compensation or a commitment. This consideration may also prevent another party from taking legal action in the contract right dispute. The agreement of both parties must be clearly stated in the contract in order for it to be enforceable. A value exchange must also be available for a consideration to be valid.

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