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An example of a transaction which is an unenforceable contract is a contract for prostitution under English law. Prostitution is not actually a crime under English law, but both soliciting a prostitute and living off the earnings of a prostitute are criminal offences. [3] Yet so long as the contract is fully performed, it remains valid.
Contract is Not Clear or Enforceable: If the contract terms are ambiguous, not agreed upon by all parties, or the contract is otherwise unenforceable, specific performance will not be granted. Speculative Purposes: If the purpose of enforcing the contract is speculative in nature, such as for anticipated profits from development or resale ...
In Beswick v Beswick [9] an uncle's agreement to sell a coal delivery business to his nephew was enforceable. Also, in Errington v Errington, [10] a father's promise to his son and daughter-in-law that they could live in (and ultimately own) a house if they paid off the balance of the mortgage, was an enforceable unilateral contract.
The System was established after the 1973 National Commission on Fire Prevention and Control report, America Burning, led to passage of the Federal Fire Prevention and Control Act of 1974 (P.L. 93-498), which authorizes the USFA to gather and analyze information on the magnitude of the Nation's fire problem, as well as its detailed ...
A contract that may otherwise be unenforceable under the statute of frauds may become enforceable under the doctrine of part performance. If the party seeking enforcement of the contract has partially or fulfilled its duties under the contract without objection from the other party, the performing party may be able to use its performance to ...
If for any reason any term or provision of this Agreement is held to be invalid or unenforceable to any extent, then (a) such term or provision will be interpreted, construed, or reformed to the extent reasonably required to render the same valid, enforceable, and consistent with the original intent underlying such provision; (b) such term or ...
The promise must be real and unconditional. This doctrine rarely invalidates contracts; it is a fundamental doctrine in contract law that courts should try to enforce contracts whenever possible. Accordingly, courts will often read implied-in-fact or implied-in-law terms into the contract, placing duties on the promisor.
For a contract to be valid and enforceable in the Republic of Korea, the agreement between the parties must be based on "mutual consent". As in common law jurisdictions, the first element of a valid and enforceable contract is an offer. In Korea, as in much of the world, the offer must be a specific and detailed expression of the offer.