HEAT INDEX: This is the heat index as calculated by the National Weather Service. It is based on temperature and humidity. The heat index category and effects are in Table 3 and it is as used by National Weather Service. Table 3 Heat Index category and effects
Unit 6 â Contracts I. Definition A contract is a voluntary agreement between two or more parties that a court will enforce. The rights and obligations created by a contract apply only to the parties to the contract (i.e., those who agreed to them) and not to anyone else. II. Elements In order for a contract to be valid, certain elements must exist: (A) Competent parties.
In essence, a contractâs outline is more formal and more rigidly presented than the terms outlined in an agreement. A contract is a legally binding agreement reached between two parties, the terms of which the courts have the authority and obligation to enforce. An agreement is a less formal creation of an obligation between the two parties. An agreement usually lacks one or more of the essential elements that are required to be present in order to form a valid contract that will be considered legally enforceable by a court of law.