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Stages and Classifications of Contracts by Sonny Boy Sajonia is a document available to read on EtoBox.
What is Stages and Classifications of Contracts about?
1) A contract is a legally binding agreement between two or more parties that creates obligations which must be fulfilled. 2) There are three stages of a contract: preparation/negotiation, perfection when agreement is reached, and consummation/termination upon performance of obligations. 3) The essential elements of a contract are consent, object, and cause, while natural and accidental elements can be excluded or added by the parties.
- Author
- Sonny Boy Sajonia
- Language
- EN