Saul claims that his agreement with teri for saxophone lessons is voidable. If this contract is avoided, both parties are released from it.
A contract is an agreement between parties that establishes legal duties for both parties. The fundamental components necessary for the agreement to be a valid offer and acceptance, adequate consideration, capacity, and legality are: mutual assent, expressed through a contract-compliant offer,
Offer and acceptance, consideration, legally capable parties, mutual consent, and a legal purpose are necessary components of a valid contract. A contract does not need earnest money to be enforceable.
Whether a contract is 200 pages long or just 10 pages long, it must include the following six components in order to be considered legally binding: an offer, acceptance, awareness, consideration, capacity, and legality.
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