Importance of law

(A) Consensus in idem

Consensuses in idem, legal obligation and between parties are all important elements which need to exist for there to be a contract.

Agreement
Agreement is when 2 parties agree on the same thing. This is also known as CONSENSUS IN IDEM. This means Agreement to the same idea. The parties to the contract must be in full agreement as to what the contract is essentially about, where they are not; the contract is to be rendered void. There are many reasons why not all agreements are given the binding force of the law.
1. The law may consider the promise not to have been seriously intended.
2. The law may disapprove of the tactics used to get the other party to agree.
3. The parties may not be mature enough to understand the nature of the agreement.
4. The agreement m...