contract


A contract is an agreement between 2 or more parties which creates legally enforceable rights and obligations between them. The necessary requirements for a contract are:


A contract can be a:


A social agreement between husband and wife is not a contract as there is no intention by the parties to enter into a legally binding contract such as an agreement to pay house keeping money. Land transactions should be in writing.


See

errors

agreement

offer and acceptance

subject to contract

subject to finance

honour clause

enforceable

unenforceable

illegal