Another requisition to a valid contract, is the mutual assent of the parties.
To make a valid contract, the parties must be capable of contracting.
The rule that a consideration is necessary to a valid contractapplies to all contracts and engagements not under seal, except bills of exchange and negotiable notes after they have passed into the hands of an innocent indorsee.
A valuable consideration also is necessary to a valid contract.
It is necessary that the new contract, which the principal makes, be a valid contractin order to release the surety.
From them it has been zealously argued that the prescribed religious celebration was essential to a valid contract; and this view was strengthened by the decree of Innocent III.
The form of valid contract as a temporal matter may therefore be determined by the state.
Hitherto, so far as the positive provisions of the law-books are concerned, betrothal by the natural guardian or his representative[901] had been essential to a valid contract.
If A offers B one hundred dollars for B's horse, and B in turn agrees to take one hundred dollars, the transaction constitutes a valid contract.
An understanding of the necessary elements of valid contract is the foundation, to the understanding of commercial law.
To constitute a transaction a valid contract, there must be an offer on the one hand, and an acceptance on the other.
If, however, A agrees to accept B's offer to sell the horse for one hundred and twenty dollars, this constitutes a valid contract, in which B is the offeror and A the acceptor.
Marriage is between qualified persons, for certain individuals are excluded by natural, divine or human law from making a valid contract of marriage.
Example: Titus is uncertain whether the law requires the age of fourteen for a valid contract of marriage; he is also uncertain whether he is fourteen years old.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "valid contract" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
