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Elements of a Contract
Discover some of the essential elements of forming a contractPreview the first lesson free — get full access to all 4 lessons.
Beginner Provider : Michele Hagan 4 Lessons · 4m in Arabic, German, English, Spanish, French, Portuguese, Chinese
Course Description
This course answers the complex question of: Who can form a contract? Although most companies and many people engage in contracting on a regular basis, certain parties may not be able to form a legally binding contract, due to limitations in competency or understanding. Parties who use fraud or intimidation are also likely to have their contracts invalidated. These instances are explained—using specific examples—in this course. In addition to the concepts of legality and consideration, you will also learn who is required to sign a contract.
What You'll Learn
- Identify which people are able to make and sign contracts
- Recognize parties who may be unable to form a legally binding contract due to limitations in competency or understanding
- Understand contract legality and the concept of consideration
- Explain how fraud or intimidation can invalidate a contract
- Determine who is required to sign a contract
Key Takeaways
- Certain parties may be unable to form a legally binding contract due to limitations in competency or understanding.
- Contracts formed through fraud or intimidation are likely to be invalidated.
- The course covers the concepts of legality and consideration in contracts.
- The course explains who is required to sign a contract.
- Concepts are illustrated using specific examples.
Frequently Asked Questions
What does this course cover?
It answers who can form a contract, addressing why certain parties may be unable to form a legally binding contract due to limitations in competency or understanding, how fraud or intimidation can invalidate contracts, the concepts of legality and consideration, and who is required to sign a contract.
What will I learn in this course?
You will learn what people are able to make and sign contracts and understand contract legality, along with the concept of consideration and who signs the contract.
What topics are included in the lessons?
The lessons cover Who can Contract?, Legality and Consideration, Who Signs the Contract?, and a Test Your Knowledge assessment.
What skills does this course help develop?
It supports skills in Contract Analysis, Contract Drafting, Contract Interpretation, Contract Negotiation, Contract Law, and Contract Preparation.
