There must be a bargained for exchange of promises, meaning that something of value must be given in return for a promise (called "consideration").In addition, the terms of a contract must be sufficiently defined for a court to enforce them.How does the law determine which promises are enforceable contracts and which are not? In a dispute, the court must initially determine whether the agreement constitutes a contract or not.In order for an agreement to be considered a valid contract, one party must make an offer and the other party must accept it.The courts must enforce a valid contract as it is made, unless there are grounds that bar its enforcement.Statutes prescribe and restrict the terms of a contract where the general public is affected.
(1) This Part applies to the following:(a) voting on a bylaw or other matter for which assent of the electors is required;(b) voting on a bylaw or other matter for which the local government is authorized by this or another Act to obtain the assent of the electors, unless otherwise provided by the authorizing enactment;(c) voting on a referendum under section 336 applies in relation to(a) voting referred to in subsection (1) as if the assent voting for the voting area were an election for an election area, and(b) non-election assent voting advertising as if it were election advertising.(3) For certainty, Division 18 (1) Unless otherwise provided in this Act, assent of the electors to a bylaw or other matter is obtained only if a majority of the votes counted as valid are in favour of the bylaw or question.(2) If a bylaw that requires the assent of the electors does not receive that assent, a bylaw for the same purpose may not be submitted to the electors within a period of 6 months from the last submission except with the minister's approval.Enforcement and Contract Defenses If a court determines that a contract exists, it must decide whether that contract should be enforced.There are a number of reasons why a court might not enforce a contract, called defenses to the contract, which are designed to protect people from unfairness in the bargaining process, or in the substance of the contract itself.When the parties have no express or implied agreement on the essential terms of a contract, there is no contract.Courts are only empowered to enforce contracts, not to write them, for the parties.If you are involved in a business agreement, one of the first things to determine is whether the promise or agreement at issue will be considered an enforceable contract under the law.