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. ________)

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

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

The contract is __________ if the contract involves an exchange of promises.

The contract is __________ 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 contract that has been fully performed

_______ ______ is reached through a process involving exchange and consent

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

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