Discuss the "Freedom of Contract," Explaining What the Implications and Limitations

question 89

Essay

Discuss the "freedom of contract," explaining what the implications and limitations are in the context of contract law.

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Definitions:

Voidable

Describes a contract or agreement that can be legally declared invalid but remains enforceable until an action is taken to void it.

Unlicensed Party

An individual or entity operating without the required legal permission or certification for certain activities or services.

Enforceable

Able to be enforced or supported through legal proceedings or by legal power.

Performance

The act of fulfilling or carrying out a task, duty, or function as required by contract or expectation.