A meeting of two or more minds… In law, a concord of understanding and intention between two or more parties with respect to the effect upon their relative rights and duties, of certain past or future facts or performances.
Black’s Law Dictionary. 6th ed. St. Paul, Minn.: West Publishing Co., 1990. p. 66.
For today’s post we will take a look at the 6th element which is Legality of Object. Legality of Object The sixth element of a contract is the legality of object, which means that the subject matter of the contract must be legal and not against public policy. In other words, the purpose of the […]
Legality of Object – 6th Elem. Read More »
For today’s post we will take a look at the 5th key element of a contract which is Consent. Consent Both parties must give their consent to the terms of the agreement freely and without coercion. If one party is forced or coerced into entering into the contract, it may be invalid. Specht v. Netscape
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For today’s post we will take a look at the 4th element which is Capacity to Contract. Capacity to Contract For a contract to be valid, all parties must have the legal capacity to enter into the agreement. This means that they must be of legal age, not under duress, and not under the influence
Capacity to Contract – 4th Elem. Read More »
For today’s post we will take a look at the 3rd key element of a contract which is Intention to Create Legal Relations. Intention to Create Legal Relations Both parties must intend for their agreement to be legally binding. This means that they must have a genuine intention to create legal relations. The following case
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