Zusammenfassung der Ressource
Contract Law Key Terms Jonathan
Willis
- Acceptance
Anmerkungen:
- Agreeing to go along with the offer.
- Benefits
Anmerkungen:
- Bilateral
Anmerkungen:
- Contract with two promises.
- Capacity
Anmerkungen:
- The legal ability to enter a contract.
- Consideration
Anmerkungen:
- An agreement to trade benefits
- Counteroffer
Anmerkungen:
- Death
Anmerkungen:
- Detriments
Anmerkungen:
- Duress
Anmerkungen:
- Forcing someone to do something by force
- Economic Duress
Anmerkungen:
- Threats to someone
money wise
- Emancipation
Anmerkungen:
- To be freed from your parents.
Adulthood.
- Express
Anmerkungen:
- Contract made by mouth or written
- Firm Offer
Anmerkungen:
- Forbearance
Anmerkungen:
- You have the right to do something but you don't don't do it.
- Fraudulent Misrepresentation
Anmerkungen:
- False statement in contract.
- Genuine Agreement (Assent)
Anmerkungen:
- Valid offer.
Valid acceptance.
- Illusory Promises
Anmerkungen:
- Ability to escape contract.
Cause or wording.
- Impiled
Anmerkungen:
- Insanity
Anmerkungen:
- Legality
Anmerkungen:
- Mentally Incapacitated
Anmerkungen:
- Can not understand the consequences of your actions.
- Mirror Image Rule
Anmerkungen:
- Terms of accept. = Terms of offer.
- Mutual Mistake (Bilateral mistake)
Anmerkungen:
- Nominal Consideration
Anmerkungen:
- Parties do not want to state amount.
- Offer
Anmerkungen:
- Offeree
Anmerkungen:
- Offer made to this person.
- Offeror
Anmerkungen:
- Option
Anmerkungen:
- To give something of value in return for the offer to stay open.
- Oral
Anmerkungen:
- Contract made by word of mouth.
- Past Performance
Anmerkungen:
- A past act that can not be in a contract.
- Price Fixing
Anmerkungen:
- Competitors agree on a certain price range.
- Rejection
Anmerkungen:
- Restrictive covenant
Anmerkungen:
- Revocation
Anmerkungen:
- Statute of Frauds
Anmerkungen:
- A contract has to be written.
- Unconscionable
Anmerkungen:
- An unfair act that would shock the court.
- Undue Influence
Anmerkungen:
- Unenforceable contract
Anmerkungen:
- Contract that wont withhold.
- Unilateral
Anmerkungen:
- Promise to do something if the other part performs an act.
- Unilateral Mistake
Anmerkungen:
- One party makes a mistake.
- Usury
Anmerkungen:
- Charging too high interest.
- Valid contract
Anmerkungen:
- All elements of a contract included.
- Void contract
Anmerkungen:
- Voidable contract
Anmerkungen:
- Can legally get out of the contract for some reason.
- Written
Anmerkungen: