Paper 3

Paper 3

A collateral contract is a contract in which the reflection is the entry into another contract, and co-exists side by side with the central contract. In case, a collateral contract is shaped when one party pays the other party a certain sum for access into an extra contract. A collateral contract possibly will be between one of the parties and a third party. This papoer wqould explian why require a writing in the case of colleteral contracts. Generally, there is no requirement that contracts be in writing. When people memorialize their contracts in a writing, they are enhancing their ...