13:13
i heard the group interview is really chill and I'm kinda excited to do it
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Simple English definitions for legal terms
consensual contract
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A quick definition of consensual contract:
A consensual contract is an agreement between two or more people that creates obligations that can be enforced by law. It can be a written document or just a verbal agreement. When people make a contract, they promise to do something and if they don't do it, the law can help the other person. It's like making a promise that you have to keep.
A more thorough explanation:
A consensual contract is an agreement between two or more parties that creates obligations that are legally enforceable. It is a type of contract that is formed through mutual agreement and consent of all parties involved.
For example, when you sign a lease agreement with your landlord, you are entering into a consensual contract. Both you and your landlord agree to certain terms and conditions, such as the amount of rent to be paid and the length of the lease. If either party fails to fulfill their obligations, the other party can take legal action to enforce the contract.
Another example of a consensual contract is when you purchase a product from a store. By paying for the product, you are agreeing to the terms and conditions of the sale, such as the price and return policy. If the store fails to deliver the product or provide a refund, you can take legal action to enforce the contract.
Overall, a consensual contract is a legally binding agreement that is formed through mutual agreement and consent of all parties involved. It is important to understand the terms and conditions of any contract before entering into it to avoid any legal issues in the future.