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Gas Balancing Agreement Law and Legal Definition Form

Gas Balancing Agreement Law and Legal Definition Form

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Elements of a contract. Before we talk about the elements of the contract, first we have to understand exactly what a contract is. And actually a contract it's very simple. It's a promise. When you hear the word contract, think of the word "promise," but it's a promise that is legally enforceable under the law. And if there's a breach, then the law will allow a remedy for that breach. So that's what a contract is. It's a legally enforceable promise. Now we're going to be talking about elements of a contract here. And another word introductory word here is that different writers, different textbooks, different legal sources, commentators will will express the elements of a contract in different ways. So this this is one of the sets of elements of contracts I think is all-encompassing, and this is the the list of elements that I teach. First of all first element is going to be capacity. That means that that the per

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