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Chapter 9

Shatavia Fullwoo Inglés 18 fichas

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  1. 1contracta legally enforceable promise or set of promises
  2. 2Contract requirements:1. agreement
    2. supported
    3. voluntarily
    4. capacity
    5. legal act
  3. 3laissez-fairefree market
  4. 4Uniform Commercial Code(UCC)promoting fair dealing and higher standards of behavior in the marketplace
  5. 5merchantregularly deals in the kind of goods being sold
  6. 6Contracts for the International Sale of Goods CISGprovides rules governing the formation of international contracts and regulates the transfer of goods
  7. 7valid contractmeets all the legal requirements
  8. 8unenforceable contractmeets the basic legal requirements but will not be enforced due to some other legal rule
  9. 9voidable contractmay be cancelled by one or both of the parties
  10. 10void contracylacks one or more of the basic requirements
  11. 11unilateral contractonly one of the parties makes a promise
  12. 12bilateral contractboth parties make a promise
  13. 13executedwhen all the parties have fully performed their duties
  14. 14executoryit has not been fully performed
  15. 15expressthe parties have directly stated its terms at the time the contract was formed
  16. 16implied contractsurrounding facts and circumstances indicate that an agreement has been reached
  17. 17Quasi contracta legal fiction created by the court to avoid injustice in such cases
  18. 18promissory estoppelallowing the person who made such a promise to argue that no contract was created

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Fichas sobre Chapter 9, creado por Shatavia Fullwoo el 06/10/2015.
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