27  

Contract Covenant Difference

HOW DOES A COVENANT DIFFER FROM A CONTRACT?



A covenant is based on trust between parties.

                  A contract is based on distrust.



A covenant is based on unlimited responsibility.

                  A contract is based on limited liability.



A covenant cannot be broken if new circumstances occur.

                  A contract can be voided by mutual consent.



© 2000 - 2019

  Back   Menu   Top  

   
Contract Covenant Difference
   
27
To Sir George's Writings