idiolect. n. 1. (Linguistics) the variety or form of a language used by an individual. (ËÉªd i ÉËlÉkt). n.
A contract is valid only if it has all of five characteristics. A contract is a legally enforceable agreement between two or more parties. A contract is valid only if it has all of five characteristics. A contract is a legally enforceable agreement between two or more parties. It may be oral or written. A contract is essentially a set of promises. Typically, each party promises to do something for the other in exchange for a benefit. Required Characteristics. To constitute a legal contract, an agreement must have all of the following 5 characteristics: Legal purpose A contract must have a legal purpose to be enforceable. For example, Steve hires Paul to kill Susan. Steve drafts an agreement outlining Paul's responsibilities, namely to acquire a gun and shoot Susan in the head. The agreement also specifies the amount Steve will pay Paul once Susan is dead.
Voidable contract: A contract that is valid, but which may be legally voided at the option of one of the parties. As with contracts entered into by adults, minors have to fulfill certain prerequisites before a contract is considered enforceable. The primary requirement is having the capacity to contract.