Contracts
Contract Formation Problems:
- Other problems that may arise during contract formation include:
-Public Policy
- Validly formed contracts can be void for public policy reasons such as illegal contracts or certain contracts made to avoid responsibility.
-Lack of Capacity
- Validly formed contracts may also be void for lack of capacity such as contracts with minors, the intoxicated or the insane.
-Duress
- Duress in the contract formation can make the contract voidable.
-Fraud / Misrepresentation
- Fraud or misrepresentation in a contract can make the contract voidable.
-Mistake
- Mistakes as to a fundamental element of the contract can make the contact voidable.
-Ambiguity
- Ambiguity in a contract can make the contract voidable.
-Statue of Limitations
- A contract can be unenforceable due to the time limits in the statute of limitations
-Statute of Frauds
- A contract can be unforceable due to the requirements of the statute of frauds.
-Unconscionability
- A contract can be unenforceable if it is unconscionable.
