_____________Contract is good in substance but suffers from some techn...
Unenforceable contract due to technical defect
A contract is a legally binding agreement between two or more parties. It is important for a contract to be valid, legal, and enforceable. However, sometimes a contract may be good in substance but suffer from a technical defect, making it unenforceable. Let's understand the concept of unenforceable contract due to technical defect in detail.
Definition of unenforceable contract
An unenforceable contract is a contract that is valid but cannot be enforced by law due to some technical defects. These defects make it impossible for the parties to fulfill their obligations under the contract. As a result, the contract cannot be enforced in court.
Examples of technical defects
Some common technical defects that can make a contract unenforceable are:
- Lack of proper written documentation: Some contracts need to be in writing to be enforceable, such as contracts for the sale of land or goods over a certain value. If a contract that should be in writing is not properly documented, it may be unenforceable.
- Lack of consideration: A contract must have some form of consideration, which means that each party must give something of value to the other. If one party fails to provide any consideration, the contract may be unenforceable.
- Lack of capacity: If one or both parties lack the legal capacity to enter into a contract, such as minors or individuals with mental disabilities, the contract may be unenforceable.
- Misrepresentation: If one party makes a false statement or conceals a material fact, it may invalidate the contract.
- Mistake: If both parties make an honest mistake about a material fact, it may make the contract unenforceable.
Conclusion
In conclusion, a contract that is good in substance but suffers from a technical defect may be unenforceable. Therefore, it is important to ensure that all contracts are properly documented, have consideration, and are entered into by parties with legal capacity. Failure to do so may result in unenforceable contracts.
_____________Contract is good in substance but suffers from some techn...
An unenforceable contract is a valid contract that cannot be fully enforced due to some technical defect. .. therefore option d is the correct answer