Law 5110 Study Guide - Quiz Guide: Institute For Operations Research And The Management Sciences
Document Summary
Offer, acceptance, intention and capacity are the key elements for a valid and binding agreement. Principle of informality if parties are legal bound because they intend to be bound, their intention is apparently sufficient and there is, as a matter of principle at least, no need to put the contract into writing. No requirement for the form of a contract. A contract can take any form and can be proven by any mean. Contracts required to be made by notarial deed: civil law countries. Contract required to be made in writing: varies under different national laws. Contracts required to be evidenced in writing: so; the case can be proved, applicable sections stature of frauds. Contract requiring pre-contractual information duties: eu directives that require seller to provide information to consumer. Form is a prescribed manner in which the conclusion of a contract must be marked or recorded.
