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    Mandy Swetha
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    This document discusses the key elements of a valid contract under corporate legal framework: 1) There must be an offer and acceptance between two parties indicating their intention to be legally bound. 2) The parties must intend for their agreement to create legal obligations. 3) The contract terms must be clear and agreed upon by both parties for there to be a valid contract. Ambiguities or lack of consensus on essential terms will render the contract void.

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    Cfm Assignment

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    This document discusses the key elements of a valid contract under corporate legal framework: 1) There must be an offer and acceptance between two parties indicating their intention to be legally bound. 2) The parties must intend for their agreement to create legal obligations. 3) The contract terms must be clear and agreed upon by both parties for there to be a valid contract. Ambiguities or lack of consensus on essential terms will render the contract void.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    16 views3 pages

    CFM Assignment

    Uploaded by

    Mandy Swetha
    This document discusses the key elements of a valid contract under corporate legal framework: 1) There must be an offer and acceptance between two parties indicating their intention to be legally bound. 2) The parties must intend for their agreement to create legal obligations. 3) The contract terms must be clear and agreed upon by both parties for there to be a valid contract. Ambiguities or lack of consensus on essential terms will render the contract void.

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    of 3

    CORPORFTE LEGAL tRAMEHORK Satho

    MBA1a
    Retlno:2a

    48hine Londac 9 sertials o Valid. Cardact


    (A)nbrat
    A Codaract a an ehange el pemls dy tuo 9t
    mel beOTs TEuttung in am olligtion dn dio ano
    eoinom dsunq a pavdiculasu act uohich sutgrlicn
    econqruled amd. entecad. dy lauo nGvreadunq a
    Jaap ouligran Condtract qives a suiaht to ene
    spesono Coutts a Conepoding dady on amethax

    peAon

    ESsendiabs Valid Cordtvence


    ette amd. Acceptomce
    Thee muut de a dauustuk ste omd. dauou
    aeeplawca' e he ett thus euthq tn am
    ement

    69mtertion to eits dagal Relotiony


    Thue mut de an intinien ameng tthe Pasdties a t
    the ageermerdt ghould. ue attached dy degot

    Consequerres o d
    Ceat
    dega oligatieru
    Jauhal nidevation
    The, h d r t i a alumunt a Valid. lotoct

    (nidaratuan. Centdootin ras beon


    he peere o
    dehined os
    the prica paisl dy ene paty ten the
    poue tthe gtheAn aoreanertt is dtgall, enkorteadbld
    tn hen cach o the pasdies to t qoves dernelhunq
    amd qeb Semetung .his callud. Conuidesalin

    Sectaiolt o dhu mdiam Codrat Act Speia thot eeu


    beuon i Competent do Conract proviced:

    he oqe e maistly actordirg te the lauw to


    which he u Subjed
    beho s Sound. mund
    ay da
    h E t diuqualind euem Contacung y
    tto which he t Subel
    Stre Conutrd
    re Corznt e du dhe pastts toon aoreamat s
    Qmsthes ential denend a Uid ontract. Conuet
    a t he Paties 'mut hawe aorm upon the Sauma
    means
    thur n tthe Soume Sene The u absence
    Conaet i dhe agrement is cudod.u
    Co) Coencier
    C) ULnda nurce
    Ccaud
    t&) Misvepreniatio
    )MstaKe
    G)a elect
    Vlid lndact it i a l
    the
    t matien
    am areermant mutt
    asuy thot the pacts do
    ace r dauskul eed "The sjet e which
    urtto muut.nst d
    the aeement has e n entesad
    uduland ,3Ugol e tmmetal e pppocd. to.
    Pubc poiy, mut
    umply tnjuy. to t
    net

    esuen) repety enethax


    Eaul aorement
    n aoreement must not t e one Udhich t e daw

    dedares to de than leql' void Voil agreat


    bna shich di ustsut any. Lagal eca

    Dteenca besieen traud amd Misrepuentatuorn


    (ABauoistnicen ucl MiSTepvesertatuen
    u derduen AWTee. epexniadion u Awnpa.epresentodun
    pola wéth the othon ce unnocenlly
    dp deciene the sthe Pntu uokthout amy
    sthes jauty
    bo dece the tmteruep
    sthex
    Paoety
    uguRrdge e he peuen makirq the whog Tha pesuon makinrthe
    schood Sttemet dous net beteue! \gSnq Statemant
    i t to l e true
    belae

    (3 dt to daum The agneined


    prabty can he agoived povtly
    Doumage Clau damage Courhst daim damoice
    Cu) hvaulalsility e fthe Condsaet úi Vetdalble he agreiyed patty
    wen the agreiwd Counniot cweid the Condact
    MeomA to
    dRCeue, the
    s u hod the means ot he had uthe means o
    ARce duceveunq uhe buth Voth disceveinq dthe tnoth
    Thuth Oci diliem: ush Ovdinasuy.diligerte

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