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Complete the texts with words from the box.
What is a contract?
It is an agreement that creates a binding upon the parties. The essentials of a contract are as follows: mutual ; a legal , which in most instances need not be financial; parties who have legal to make a contract; absence of or duress; and a subject matter that is not or against public policy.
What form does a contract take?
In general, contracts may be either or written. Certain types of contracts, however, in order to be enforceable, must be written and . These include contracts involving the sale and transfer of .
How does a contract end?
In case of a of contract, the injured party may go to court to sue for financial compensation (or ), or for rescission, for injunction, or for specific performance if financial compensation would not compensate for the breach. Specific of a contract is the right by one contracting party to have the other contracting party perform the contract according to the precise agreed.
Complete the texts using the words in the box:
agreement breach capacity consideration damages fraud illegal obligation oral performance property signed terms
What is a contract?
It is an agreement that creates a binding upon the parties. The essentials of a contract are as follows: mutual ; a legal , which in most instances need not be financial; parties who have legal to make a contract; absence of or duress; and a subject matter that is not or against public policy.
What form does a contract take?
In general, contracts may be either or written. Certain types of contracts, however, in order to be enforceable, must be written and . These include contracts involving the sale and transfer of .
How does a contract end?
In case of a of contract, the injured party may go to court to sue for financial compensation (or ), or for rescission, for injunction, or for specific performance if financial compensation would not compensate for the breach. Specific of a contract is the right by one contracting party to have the other contracting party perform the contract according to the precise agreed.