WHAT YOU NEED TO KNOW ABOUT THE LAW OF CONTRACTS
Many are times we get into engagements with people some who we know, some who we don't know. We make agreements and deals be it with our siblings, parents, friends, employers and employees be it the hand bag your friend promised or that car your father promised or ever the undertaking your boss made to increase your salary at the end of the month. However are you aware of the legal implications of these agreements? Do you know the Difference between an agreement and a contract? Here is some food for thought. A contract is a form of an agreement that can be enforced by the law. hence for an agreement to amount to a contract it has to be one which is recognized in law. Therefore an agreement between parties where one of the parties is a minor will not be deemed to be a valid contract. For a contract to be deemed as valid, there are elements which it must contain which elements I shall now discuss. First and fore most as stated above, a contract is a form of an agreement. Hence fo