Discuss the factors that can invalidate a contract Essay

Discuss the factors that can invalidate a contract - Essay faceThe requirement for proof of contact elements becomes essential in litigating instances when a troupe breaches the contract. The legal process pursuance contract breach ultimately results in remedy for damages incurred upon the wronged party. The action of contract breach ultimately results in invalidation of contractual elements. Numerous factors contribute towards the invalidation of contracts agreed upon by diametric parties, voluntarily (Koffman and MacDonald, 75-9). Factors contributing to invalidation of contracts There are different legal ways through which contracts could be gravel aside. These include a contract being declared void, and it never coming into existence. A contract could alike become voidable when one party declares the contract as ineffective contrive their own someone determination. The contract could also become unenforceable or ineffective. Unenforceability refers to situations where ne ither party could get remedy form courts upon breach, and ineffectiveness refers to court decision terminating contracts between different parties. These elements could be contributed by the factors discussed below. Misrepresentation This refers to situations where some parties show false statements and presents false information which makes other parties agree into the contract terms. Misrepresentation results in remedies of rescission or damages depending on the occurrence of misrepresentation. Misrepresentation can occur through words or study of one party implying falsehood, though not all elements of speech and conduct get to misrepresentation indoors the setting of contract law (Gordon v Selico, 5). Misrepresentation can take place on a lower floor triple different conditions which include Stating a fact wrongly Directing the false statement to a party of the contract The statement inducing suing party into agreeing contract terms following the statement. Misrepresentat ion, therefore, occurs when a party appears to falsely induce another party into a contract by providing false or partial information, resulting in another party agreeing into the contract. The wronged party, therefore, lacks sufficient information and agrees without proof of the involved facts. Opinions held by parties, however, do not mould misrepresentation as these remain opinions and not factual information regarding contract terms. There are different types of misrepresentation based on their occurrence Fraudulent misrepresentation This misrepresentation could be characterised by parties qualification representation intended to deceive others, and knowing the representation being as false. Fraudulent misrepresentation could constitute litigation under tort law within different legal frameworks. Negligent misrepresentation at common law This misrepresentation occurs when parties make representations without reasonable information regarding the truth of information. This misre presentation seeks to provide a remedy for situations where collateral contract or fraud cannot be proved. This commonly occurs where individual claim to birth special skills for performing various tasks, but fail to delivery as implied. Negligent misrepresentation under statute law This commonly refers to misrepresentation stated under various legal statutes and litigation occurs agree to the statute provisions. The parties involved must prove the presence of falsehood within the statement provident by the representing