AGREEMENT, contract. The agreement of two or more persons who accept the transfer of a property, a right or a benefit for the purpose of concluding a commitment. ferry. That`s not the case. h.t.; Dig Com. h.t.; wine. That`s not the case. h.t.; Mr. Plowd. 17; 1 Com. Suite 2; 5 R East. 16.
It will be appropriate to consider the terms of an agreement; 2, the types of agreements; 3, as they are cancelled. 2.-1. For a complete agreement to be complete, six things must match; 1. a person who is able to enter into a contract; 2, a person with whom a contract can be entered into; 3, something you have to be under contract for; 4, a legal consideration or consideration; 5, words to express the agreement; 6, the agreement of the contracting parties. Mr. Plowd. 161; S. Litt. 35, born 3-2. As far as their form is concerned, the agreements are twofold; 1, by Parol, or, in writing, as being different from specialties; 2, by specialty or under closure. In terms of their performance, the chords are executed or executed.
An agreement must be reached when two or more persons renounce each other`s rights over a thing and thus change the ownership of it, either at once or at a later date, in the event of an event that should give it any effect without one party trusting the other; like when things are bought, paid for and delivered. Execution contracts are, on the usual acceptance of duration, contracts that are based on Parol`s articles, intentions, promises or commitments, etc., which will be executed in the future or that will be concluded to prepare for a more solemn and formal alienation of the property. Powell on Cont. The agreements are also conditional and unconditional. They are conditional when a condition must be met before it can be fully effective; they are unconditional if no conditions are attached; 4.-3. conventions are not annulled or obtained by acts of the parties, at para. B, for example, by payment; release – compliance and satisfaction; Resignation, which is explicit or implied; 1 Watt to Serg. 442; Desch-ftanz; by innovation: secondly, by the acts of the law, such as, confusion; Merger The expiry of the deadline death, as when a man who has committed to teaching an apprentice dies; Extinction of the thing that is the object of the contract, as if the agreement is to deliver a particular horse and before the time of delivery it dies.