BUS LAW Unit 3 Review

Contract Law is About
1.) What ______ can be enforced in _______
2.) What constitutes ________ of a contract
3.) What happens when someone does not fully _____ the contract (i.e. ________)

(a)  

Contracts created by direct statements, such as typical purchase of a car or house

(a)  

Contracts created by actions, for example emergency visits to doctor by unconscious patients

(a)  

The contract is (a)   if the contract involves an exchange of promises.

The contract is (a)   if the contract involves the exchange of promise ONLY for a performance, and not for another promise

A contract that is not yet fully performed

(a)  

A contract that has been fully performed

(a)  

_______ ______ is reached through a process involving exchange and consent

(a)  

Mutual agreement involves
1.) ________ _______
2.) ______ _________

(a)  

An Offer has 3 requirements!
1.) Clear ______ ______ to make an offer
2.) ______ _____ (Price, quantity, goods/ service)
3.) ___________ to other party

(a)