What makes a contract enforceable in court?
An example of an AI chatbot conversation about the enforceability of contracts.
What makes a contract enforceable in court?
A contract is enforceable if it has mutual consent, a lawful object, consideration, and the parties have the capacity to contract.
Can you explain what consideration means?
Consideration refers to something of value that is exchanged between the parties involved in a contract, which is essential for its enforceability.
What happens if one party breaches the contract?
If one party breaches the contract, the other party may seek remedies such as damages, specific performance, or cancellation of the contract.
Are verbal contracts enforceable?
Yes, verbal contracts can be enforceable, but they are harder to prove than written contracts. Certain types of contracts must be in writing to be enforceable.
What are some common defenses against contract enforcement?
Common defenses include lack of capacity, duress, undue influence, misrepresentation, and illegality.
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