Analyzing a Contract
A contract is a joint union between two or more voluntarily parties. In most cases, the main intention of any contract is the creation of a legal obligation among the parties involved. Contracts can also be defined as legally enforceable promises made by two or more parties (Blum, 2010). However, contract law varies from one jurisdiction to another. When a breach of contract occurs, the only remedy can include compensation of money. This paper will critically analyze the contract for rental of real estate property. In contract law, the aspect of enforceability is defined as a legal obligation that poses a need to ...