What makes a contract enforceable in court?

What makes a contract enforceable in court?

A contract is enforceable if it meets certain criteria: mutual consent, a lawful object, consideration, and the capacity of parties.

Can you explain what consideration means?

Consideration refers to something of value that is exchanged between parties in a contract. It can be money, services, or goods.

What happens if a contract is not enforceable?

If a contract is not enforceable, it means that the parties cannot legally compel each other to fulfill their obligations.

Are verbal contracts enforceable?

Yes, verbal contracts can be enforceable, but they are harder to prove in court compared to written contracts.

What are some common reasons a contract might be deemed unenforceable?

Common reasons include lack of capacity, illegality, lack of consideration, or if the terms are too vague.