Is a legal agreement between two or more parties which is enforceable by law and subject to legal remedy when breached. Contracts have four (4) elements: agreement (mutual assent), consideration (reason, legal value), contractual capacity (mutual legal authority) and lawful object (legal subject). The two authorities that define a contract are Common Law and the Uniform Commercial Code. Also referred to as an Agreement.
Is a legal agreement between two or more parties which is enforceable by law and subject to legal remedy when breached. Contracts have four (4) elements: agreement (mutual assent), consideration (reason, legal value), contractual capacity (mutual legal authority) and lawful object (legal subject). The two authorities that define a contract are Common Law and the Uniform Commercial Code. Also referred to as an Agreement.