Communiquez avec les autres et partagez vos connaissances professionnelles

Inscrivez-vous ou connectez-vous pour rejoindre votre communauté professionnelle.

Suivre

Once Signed a contract is legally binding unless :

<p><strong><span>a) One party is unwilling to perform</span></strong></p> <p><strong><span>b) One party is unable to finance his part of the work</span></strong></p> <p><strong><span>c) It is in violation of applicable law</span></strong></p> <p><strong><span>d) It is declared void and null by one party.</span></strong></p>

user-image
Question ajoutée par RAJ DAHIYA , Project Manager - Energy Optimization , Siemens
Date de publication: 2015/01/08
Ibrahim Hussein Mayaleh
par Ibrahim Hussein Mayaleh , Sales & Business Consultant and Trainer , Self-employed

(C) It is in violation of applicable law.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

A contract is an agreement enforceable law.  Not to be enforceable it should become in contravention of the existing laws prevailing.

The provisions are universally applicable all over and is coming under the Provisions of Commercial Law. Also referred to as Mercantile Law. ---Contracts Act.

To become non enforceable it is to be mutually agreed upon to withdraw the provisions and one cannot take a unilateral decision.

 

The one and only one correct answer is : c) It is in violation of applicable law. (in the given answers)

Elke Woofter
par Elke Woofter , Project Assistant , American Technical Associates

The answer is C

 

Once signed, a contract is binding. Generally, the inability to perform, get financing, or one party's belief that the contract is null and void does not change the fact that the contract is binding. If, however, both sides agree to terminate the contract, the contract can move into closure. Once closure is completed, the project is consideredcompleted.

Omar Mahfouz
par Omar Mahfouz , HR Generalist , Citibank

C

D need elaboration, declared null and void in what context? and what right does a party have to declare it void?

A and B still make the contract legally binding unless it leads to termination

Najla Chaabnia
par Najla Chaabnia , Area Manager , Sugar Beauty Lounge LLC

C

RAJ DAHIYA
par RAJ DAHIYA , Project Manager - Energy Optimization , Siemens

The correct answer is when "It is declared void and null by one party".

Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

The correct answer is :

c) It is in violation of applicable law

Utilisateur supprimé
par Utilisateur supprimé

C

Utilisateur supprimé
par Utilisateur supprimé

All options

 

Greetings

Snezana Brankovic
par Snezana Brankovic , • Senior Consultant in Marketing Department , „Stankom” Business System

Once signed, a contract is legally binding provided:

 

1. it is declared null and void by either party’s legal counsel2. one party is unable to perform3. one party is unable to finance its part of the work4. it is not in violation of applicable law

Manjusha Mohan
par Manjusha Mohan , Program Manager , Neo Technology Ltd

C. Violation of law. 

Law stands above all contractHal terms. 

More Questions Like This