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R, an optical surgeon, employs S as the assistant for a term of three years and S agrees not to practice as a surgeon during this period. This contract is ____________.
- a)Valid.
- b)Void.
- c)Voidable.
- d)Illegal.
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
R, an optical surgeon, employs S as the assistant for a term of three ...
The correct answer is option 'A' - Valid.
Explanation:
- The contract between R and S is considered valid because it meets the essential elements required for a contract to be enforceable.
- A valid contract must have four key elements: offer, acceptance, consideration, and legal capacity.
- Offer: R offers employment to S as an assistant for a term of three years.
- Acceptance: S agrees to the terms of the employment offer.
- Consideration: The consideration in this contract is S agreeing not to practice as a surgeon during the three-year term of employment.
- Legal Capacity: Both R and S have the legal capacity to enter into a contract. R is an optical surgeon, and S has the capacity to agree to the terms of employment.
- Additionally, the contract is not void or voidable.
- A void contract is one that lacks one or more of the essential elements of a valid contract. In this case, all the essential elements are present, so the contract is not void.
- A voidable contract is one that can be legally avoided or canceled by one of the parties involved. However, there is no indication in the question that either party wishes to void or cancel the contract. Therefore, the contract is not voidable.
- It is also important to note that the contract is not illegal. The question does not provide any information to suggest that the terms of the contract are against the law or public policy.
In conclusion, the contract between R and S is valid because it meets all the essential elements required for a contract to be enforceable.
Explanation:
- The contract between R and S is considered valid because it meets the essential elements required for a contract to be enforceable.
- A valid contract must have four key elements: offer, acceptance, consideration, and legal capacity.
- Offer: R offers employment to S as an assistant for a term of three years.
- Acceptance: S agrees to the terms of the employment offer.
- Consideration: The consideration in this contract is S agreeing not to practice as a surgeon during the three-year term of employment.
- Legal Capacity: Both R and S have the legal capacity to enter into a contract. R is an optical surgeon, and S has the capacity to agree to the terms of employment.
- Additionally, the contract is not void or voidable.
- A void contract is one that lacks one or more of the essential elements of a valid contract. In this case, all the essential elements are present, so the contract is not void.
- A voidable contract is one that can be legally avoided or canceled by one of the parties involved. However, there is no indication in the question that either party wishes to void or cancel the contract. Therefore, the contract is not voidable.
- It is also important to note that the contract is not illegal. The question does not provide any information to suggest that the terms of the contract are against the law or public policy.
In conclusion, the contract between R and S is valid because it meets all the essential elements required for a contract to be enforceable.
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Community Answer
R, an optical surgeon, employs S as the assistant for a term of three ...
The contract between R and S is:
Explanation:
The contract between R and S, where S agrees not to practice as a surgeon for a term of three years, is considered valid. Here's why:
1. Voluntary agreement:
- Both parties, R and S, have willingly entered into the contract.
- There is no evidence of coercion or duress.
2. Legal capacity:
- Both R and S have the legal capacity to enter into a contract.
- They have the necessary qualifications and competence to understand the terms and implications of the agreement.
3. Consideration:
- In this contract, R provides S with employment as an assistant, while S agrees not to practice as a surgeon for three years.
- Both parties receive something of value in return for their promises.
4. Legality of the contract:
- The contract does not involve any illegal activities or purposes.
- It is not against public policy or prohibited by law.
- The restriction on S not practicing as a surgeon for three years is a reasonable condition for the employment agreement.
5. Duration and scope:
- The contract specifies a clear term of three years.
- The restriction on S's practice is limited to the field of surgery, which is directly related to R's profession.
Therefore, considering the voluntary agreement, legal capacity, consideration, legality, and the duration and scope of the contract, it can be concluded that the contract is valid.
Valid.
Explanation:
The contract between R and S, where S agrees not to practice as a surgeon for a term of three years, is considered valid. Here's why:
1. Voluntary agreement:
- Both parties, R and S, have willingly entered into the contract.
- There is no evidence of coercion or duress.
2. Legal capacity:
- Both R and S have the legal capacity to enter into a contract.
- They have the necessary qualifications and competence to understand the terms and implications of the agreement.
3. Consideration:
- In this contract, R provides S with employment as an assistant, while S agrees not to practice as a surgeon for three years.
- Both parties receive something of value in return for their promises.
4. Legality of the contract:
- The contract does not involve any illegal activities or purposes.
- It is not against public policy or prohibited by law.
- The restriction on S not practicing as a surgeon for three years is a reasonable condition for the employment agreement.
5. Duration and scope:
- The contract specifies a clear term of three years.
- The restriction on S's practice is limited to the field of surgery, which is directly related to R's profession.
Therefore, considering the voluntary agreement, legal capacity, consideration, legality, and the duration and scope of the contract, it can be concluded that the contract is valid.
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R, an optical surgeon, employs S as the assistant for a term of three years and S agrees not to practice as a surgeon during this period. This contract is ____________.a)Valid.b)Void.c)Voidable.d)Illegal.Correct answer is option 'A'. Can you explain this answer?
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R, an optical surgeon, employs S as the assistant for a term of three years and S agrees not to practice as a surgeon during this period. This contract is ____________.a)Valid.b)Void.c)Voidable.d)Illegal.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about R, an optical surgeon, employs S as the assistant for a term of three years and S agrees not to practice as a surgeon during this period. This contract is ____________.a)Valid.b)Void.c)Voidable.d)Illegal.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for R, an optical surgeon, employs S as the assistant for a term of three years and S agrees not to practice as a surgeon during this period. This contract is ____________.a)Valid.b)Void.c)Voidable.d)Illegal.Correct answer is option 'A'. Can you explain this answer?.
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