Commercial Transactions

What Makes A Contract

What Makes A Contract

Requirements of a contract Agreement (intention) Contractual Capacity (like those by a child/mentally incapacitated) Consideration (the promise) Legality (i.e., the goal has to be legal. Not against public policy) Genuineness of assent (express consent from both parties) Form (some agreements must be in writing) Roscoe pound is authoritative stating…

E-Contracts

E-Contracts

The advantages of the internet are many. To businesses, it is faster, cost-efficient, and convenient. But it has its disadvantages. For instance, fraud. In any case, the discussion in this article shall be limited to issues of the validity of contracts in digital spaces. Issues…

Why Arbitration

Why Arbitration

In practice, once a party is aggrieved by breach of contract, the first remedy is to prepare a rush to court. This works, only some times. Other times, it only cmpounds frustrations. A good example is by the consequences of an Arbitration Clause in an agreement, (ensure there is an agreement for arrangements…

Why You Need To Pay Tax

Why You Need To Pay Tax

Here lets only speak to Stamp Duty, a tax on certain instruments (written documents). Every instrument specific enough to be used in law is charged duty unless otherwise considered within the context of specified limited exemptions. Such that, exemptions may be relied on by parties to a transaction to reduce…

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