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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 ...
Validity of a Contract
A contract is a legally binding agreement between two or more parties. There are certain conditions that make a contract valid, and they include:
1. Offer and Acceptance: There must be a clear offer from one party and an acceptance of that offer by the other party.
2. Consideration: Both parties must exchange something of value, such as money, goods, or services.
3. Legal Capacity: Both parties must have the legal capacity to enter into a contract. This means that they must be of legal age, mentally competent, and not under duress or coercion.
4. Legal Purpose: The contract must be for a legal purpose. It cannot be used to commit a crime or violate public policy.
Validity of the Contract in the Given Scenario
In the given scenario, R, an optical surgeon, employs S as an assistant for a term of three years. S agrees not to practice as a surgeon during this period. This contract meets all the conditions of a valid contract:
1. Offer and Acceptance: R offers employment to S as an assistant, and S accepts the offer.
2. Consideration: R will pay S for their work as an assistant, and S agrees not to practice as a surgeon during the term of the contract.
3. Legal Capacity: Both R and S are of legal age, mentally competent, and not under duress or coercion.
4. Legal Purpose: The contract is for a legal purpose, which is to employ S as an assistant and prevent them from practicing as a surgeon during the term of the contract.
Therefore, the contract in the given scenario is valid.
A contract is a legally binding agreement between two or more parties. There are certain conditions that make a contract valid, and they include:
1. Offer and Acceptance: There must be a clear offer from one party and an acceptance of that offer by the other party.
2. Consideration: Both parties must exchange something of value, such as money, goods, or services.
3. Legal Capacity: Both parties must have the legal capacity to enter into a contract. This means that they must be of legal age, mentally competent, and not under duress or coercion.
4. Legal Purpose: The contract must be for a legal purpose. It cannot be used to commit a crime or violate public policy.
Validity of the Contract in the Given Scenario
In the given scenario, R, an optical surgeon, employs S as an assistant for a term of three years. S agrees not to practice as a surgeon during this period. This contract meets all the conditions of a valid contract:
1. Offer and Acceptance: R offers employment to S as an assistant, and S accepts the offer.
2. Consideration: R will pay S for their work as an assistant, and S agrees not to practice as a surgeon during the term of the contract.
3. Legal Capacity: Both R and S are of legal age, mentally competent, and not under duress or coercion.
4. Legal Purpose: The contract is for a legal purpose, which is to employ S as an assistant and prevent them from practicing as a surgeon during the term of the contract.
Therefore, the contract in the given scenario is valid.
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R, an optical surgeon, employs S as the assistant for a term of three ...
R needed an assistant and S also agreed to be the assistant and not do the surgeon work which belongs to R.... so 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 isa)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 isa)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 isa)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 isa)Valid.b)Void.c)Voidable.d)Illegal.Correct answer is option 'A'. Can you explain this answer?.
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 isa)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 isa)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 isa)Valid.b)Void.c)Voidable.d)Illegal.Correct answer is option 'A'. Can you explain this answer?.
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