Agreements in property acquisition and development - Part 4 | The Guardian Nigeria News - Nigeria and World News

  • 📰 GuardianNigeria
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 94%

Business News News

Business Business Latest News,Business Business Headlines

Enforcing Agreements: Generally, contracts are legally enforceable agreements, with the implication that where one party to a contract is of the opinion that the other party is not fulfilling his obligations created under the contract, the offended party can approach the Court to seek enforcement of the contract or receive monetary compensation in the form […]

Enforcing Agreements: Generally, contracts are legally enforceable agreements, with the implication that where one party to a contract is of the opinion that the other party is not fulfilling his obligations created under the contract, the offended party can approach the Court to seek enforcement of the contract or receive monetary compensation in the form…Generally, contracts are legally enforceable agreements, with the implication that where one party to a contract is of the opinion that the...

A court cannot enforce an agreement that is fraudulent/tainted with deceit or against public policy. In NKECHI & ANOR v. ANYALEWECHI LPELR-55611, a document was declared unenforceable as there was no foundation of ownership or cognizable interest under the law proved in respect of both appellant and respondent.

Furthermore, a party who is seeking to enforce his rights under an agreement must show that he has fulfilled all the conditions precedent. Any default on his part would be fatal to his case. In TALABI v. FCDA & ORS LPELR-45969, the appellant was estopped from denying that she was given a right of first refusal.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines