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Basic characteristics-principles of a contract

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Reference no: EM132533259

1. What are the basic characteristics/ principles of a contract? Please provide example for each characteristic.

2. Please state the general rule for each characteristics/principles of a contract and give the exemption/s, if any.

3. Please illustrate or give an example how a contract is undertaken based on the stages of a contract.

4. Please discuss each essential requisites of a contract.

5. Please explain 5 principles on the effects to a contract in the absence or defect of an essential requisite of a contract.

6. Is 'FORM' an essential requisite of a contract? Please explain the answer through an illustration or example.

7. Please give 3 instances when reformation of contract may be done.

8. Please distinguish from each other the various defective contracts ( Rescissible contracts, Voidable contracts, Unenforceable contracts, Void or inexistent contracts). It would be easy form me to understand if it would be presented in tabular form.

Reference no: EM132533259

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