Answers.com > Wiki Answers > Categories > Law & Legal Issues > Business Law > What are valid and invalid contracts?

What are valid and invalid contracts?

In: Business Law, Contract Law [Edit categories]

Answer:

valid contracts are enforceable by law while invalid contracts are not

First answer by ID0700371126. Last edit by ID0700371126. Question popularity: 95 [recommend question].

Can you answer these Business Law questions?

	What was a major benefit of being a stockholder in a corporation?	Answer it!
	What subjects should you choose after metric which will help you in business law?	Answer it!
	What subjects should you choose after metric which will help you to study business law?	Answer it!
	How do you use billable in contract agreements?	Answer it!
	What is business ownership?	Answer it!

What is contract and what is type of valid contracts?
none at all because its all good.
Is a will a valid contract?
No. A contract is an agreement between two entities/people. A will merely describes how an estate will be handled.
What is contract and what are the essential requirements of a valid contract?
The four most important things to include in a contract are the parties' names, the contract subject, the timeframe, and the price cost. A contract is a mutual agreement between the two parties...
Is viodable contract is a type of valid contract?
Yes: It is a valid contract in the beginning but subsequently it changes into voidable contract due to some uncertain reasons. For example; A person do contract to B person that he will give some...
If a contract is not enforceable is it valid in Va?
The contract is always inforceable by law. And all the parties are legally perfoming there contracts.