What Are the Differences? If you're like more than 2/3rds of Americans, you don't have any formal estate plan in place to ensure the orderly distribution of your property in the event of your death. That typically means that your assets will be ...

What Is It? When Can It Be Used to Void a Contract? Suppose you enter into a contract to deliver a quantity of manufactured goods to a customer. Your goods require a specific device as a part of the assembly process. After you enter into the ...

When Can You Legally Refuse to Perform under the Terms of an Agreement? When you enter into a contract, you make a legally enforceable promise to abide by the terms of that agreement. Typically, when you fail to perform as promised, you can be taken ...

When Can You Argue that You Didn't Agree of Your Own Free Will and Knowledge Under long-established law, one of the requirements for a contract to be valid and enforceable is that all parties must have voluntarily entered into the agreement. What ...

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Can You Be Too Young or Too Old to Enter into an Enforceable Agreement? In earlier articles, we documented the requirements of a valid and enforceable contract, including the condition that the parties must have legal capacity. We further explained ...

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Will the Contract Still Be Enforceable If Either Party Relies on a Mistake? One of the requirements of a valid and enforceable contract is that there must be an agreement. That has commonly been construed to mean that there must be at least two ...

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What Situations Involve a Potential Lack of Contractual Capacity? For a contract to be binding and enforceable, the parties to that contract must both have what is known as "contractual capacity." What does that mean? When might a person fail to ...