Resolutive Time Clause In A Contract Case Study

1. Identify the type of clause/provisions or condition below:
1.1. Suspensive condition
1.2. Suspensive time clause
1.3. Resolutive condition
1.4. Resolutive time clause
1.5. Assumption

2. Advise to Calvin due to the delayed performance of drugs
Validity of the contract
Validity of a contract entails the satisfaction of five requirements. The five necessities which need to be met are consensus, contractual capacity, legal capacity, physical possibility and formalities. Calvin is in a position where he is dealing in illegal drugs, therefore no legal actions are allowed. In terms of a contract, it would be invalid, because the requirements for the formation of a valid contract is not met. Requirement (3) Legal possibility is not contented; even though all other pre-requisites are satisfied, no legal obligated contract will take form. The other fundamentals that have to be met is consensus; contractual possibility capacity; physical possibilities. Consensus entails the agreement between the two parties which have been encountered, this conclusion can be drawn due to the fact that the money was accepted by Jack. Contract capacity is also fulfilled,

As visible through the consecutive words: telephone conversation that the information theory has been pragmatic. The theory states that the contract comes into being when and where the offeror receives notification from the offeree that the offer has been accepted, this means when cognisance of the facts of the agreement has been taken to mind; then the agreement becomes a valid and legally binding contract. The parties have further agreed upon the date of delivery (5 October 2013); date of payment (31 October 2013) and the formalities which only serves as proof and therefore cannot contribute or influence the validity of the contract (dated on the 30 September