A refugee camp holding thousands of displaced Darfurians/Sudanese in the aftermath of war in the western part of Sudan. A long history of civil war, local tensions, government distrust, and new environmental pressures have scarred the country and brought about the world's worst humanitarian crisis..
In order for a contract to be enforceable, each party to the contract must change his or her legal position in some way. If an agreement lacks consideration, it is generally not a binding and enforceable contract. There are a few exceptions to this rule. A person sued for breaking a promise generally will not be held liable when no consideration was received for the promise.
Letâs take a look at the different possibilities, and what you need to know to understand the all-important âwhenâ of an agreement. If a contract does not specify its effective date, it goes into effect on the date it was signed by the person to whom the contract was offered for a signature. If this personâs signature is not dated, then the contract is effective the moment the agreement left his hands.