Four Things You Need For A Contract?

Legal Value

Four Things You Need For A Contract?

Ability to make a contract

Four Things You Need For A Contract?

Lawful

What is Consideration?

When do you not have capacity?

A Contract that DOESN'T Exsist

A Contract where one party CAN void it

What clause states that contracts have to be in writing in certian paremiters are met?

What are the requirments of the Statute of Fruads

Offer that rejects the first offer and replaces it with a new offer

Acceptance must accept terms as stated in the offer

Acceptance is effective when dispatched, even if lost

Money to Compensate what was lost

Foreseeable damages that arise from circumstances outside a contract

Asking for someone to perform the contract (unique situation)

Court prohibits the party to stop

Types of Mistakes

One Party is Mistaken

Both partiers are mistaken on the object

Both partiers are mistaken on the value

Which mistakes are not voidable

Contractual provision that relieves one or both parties to a contract from tort liability for ordinary negligence

A Contract is uninforable when it's ____?

Signed bc of a lie, misrepresentation intentionally

A Contract is unenforceable when it's ____?

Signed bc one party threats another party to sign

A Contract is unenforceable when it's ____?

Signed bc one person takes advantage of another's mental, physical, emotional weakness