Revised Contracts Act of 2023
Proposed by: Speaker pro tempore cooldudesub
BE IT ENACTED BY THE STATE OF FIRESTONE CONGRESS HERE ASSEMBLED THAT:
SECTION I - ESTABLISHMENT & NULLIFICATION
(a) The Revised Contracts Act of 2023 shall be established.
(b) “Contracts Act of 2019 ” shall be declared null and void.
SECTION II - CONTRACT LAW
(a) A contract is a promise or set of promises, for breach of which the law gives remedy, or the performance of which the law in some way recognizes as a duty. It is an agreement between two or more parties creating obligations that are enforceable or otherwise recognizable at law.
SECTION III - CONTRACT REQUIREMENTS
(a) A contract shall only be legally binding should the following conditions be met;
(i) The contract is agreed upon by all parties of the same agreement. This must be proven objectively.
(ii) The contract must be expressed by a valid offer and acceptance. An offer shall be construed as inviting acceptance in any manner and by any medium reasonable in the circumstances. Where the beginning of a requested performance is a reasonable mode of acceptance an offeror who is not notified of acceptance within a reasonable amount of time may treat the offer as having lapsed before acceptance.
(iii) The contract must have adequate consideration. Consideration is a promise, performance, or forbearance, bargained by a promiser in exchange for their promise.
(iv) The contract must have adequate capacity. Capacity is the ability to satisfy the elements required for someone to be in a binding contract. A person shall not be allowed to enter a binding contract if the person; does not understand all provisions at the time of the agreement; or is under duress or intimidation by anyone at the time of the agreement. Should any of the aforementioned factors in Section III, sub-section iv be present, the contract shall be declared null and void.
(v) The contract may not require any person, business, or entity to commit illegal activities as described in relevant Firestone law.
(vi) The contract may not relieve any person of their rights guaranteed by the Firestone Constitution.
(vii) The contract may not relieve any person of their rights guaranteed by statutes in relevant Firestone law unless otherwise stated by the relevant statute. This clause shall not prevent persons from conditionally or unconditionally waiving their right to pursue a case in the courts for a specific incident.
(viii) The contract, should it be written, must include an exit clause, which shall specify the conditions and requirements for termination of the contract, and such requirements shall be mutually agreed upon by the parties involved in the contract.
SECTION IV - ENFORCEMENT
(a) This legislation shall be enforced in the Firestone court of law. The Firestone Court of law may order specific performance from a party that breaches a contract.
SECTION V - SEVERABILITY
(a) Should any provision of this legislation be found to be unconstitutional and struck down, the rest shall retain amiability. This legislation shall go into immediate effect after meeting Constitutional legislation requirements.
Respectfully submitted to the Congress of the State of Firestone,
Speaker pro tempore cooldudesub
Speaker of the House L_3ee