(Business Law) Explain the idea of "stipulation" and the effect it has on a contract.
(Business Law)
Explain the idea of "stipulation" and the effect it has on a contract.
Homework Answers
Stipulation refers to a requirement or demand for something to be included in the contract. For instance in a contract the seller may stipulate that a condition be fulfilled for teh contract to be valid. Without the fulfilment of the demand or condition, the contract will be void.
Example: In a lease agreement there may be a stipulation that the house be painted at the time of handover.
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(Business Law)
Explain the idea of "stipulation" and the effect it has on a
contract.
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