{"id":2766,"date":"2022-07-18T14:00:59","date_gmt":"2022-07-18T12:00:59","guid":{"rendered":"https:\/\/www.wordpower.ro\/?p=2766"},"modified":"2022-09-07T01:46:17","modified_gmt":"2022-09-06T23:46:17","slug":"formation-of-a-contract-vol-1","status":"publish","type":"post","link":"https:\/\/www.wordpower.ro\/ro\/news\/common-law\/formation-of-a-contract-vol-1\/","title":{"rendered":"Formation of a contract – Vol. 1"},"content":{"rendered":"
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A <\/span>contract<\/b> is an agreement giving rise to obligations which are enforced or recognised by law.<\/span><\/p>\n

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In <\/span>common law<\/b>, there are 3 basic essentials to the creation of a contract: (i) agreement; (ii) contractual intention; and (iii) consideration.<\/span><\/p>\n

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The first requisite of a contract is that the parties should have reached <\/span>agreement<\/b>. Generally speaking, an agreement is reached when one party makes an <\/span>offer<\/b>, which is <\/span>accepted<\/b> by another party. In deciding whether the parties have reached agreement, the courts will apply an objective test.<\/span><\/p>\n<\/div>

Distribuie acest articol, alege-\u021bi platforma!<\/h4>
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