3549414
Descripción
Mapa Mental por purnell132austin, actualizado hace más de 1 año
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Creado por purnell132austin
hace más de 8 años
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Key
Terms of
Contract
Laws
- Acceptance
Nota:
- Unqualified by the offeree
- Benefits
Nota:
- Something that wasn't going to be entitled to you
- Bilateral
Nota:
- Two Promises
- Capacity
Nota:
- Legal ability to enter into a contract
- Consideration
Nota:
- Benefits to an agreement
- Counteroffer
Nota:
- Any change in the offer
- Death
Nota:
- DEADER THAN DEAD!!!
- Detriments
Nota:
- Any loss
- Duress
Nota:
- Overcoming a person by force
- Economic Duress
Nota:
- Threats to persons business
- Emancipation
Nota:
- Parent-child relationship
- Express
Nota:
- Contract statement that may be written
- Firm offer
Nota:
- A written offer
- Forbearance
Nota:
- Not doing something that you have a right to do
- Fraudulent Misreoresentation
Nota:
- Party to a contract makes a false statement
- Genuine Agreement
Nota:
- A valid offer has been made by the offeror
- Illusory Promises
Nota:
- Allows escape from legal obligation
- Implied
Nota:
- Contract that comes about from the actions
- Insanity
Nota:
- Offeror is crazy!
- Legality
Nota:
- Illegal Contracts
- Mentally Incapacitated
Nota:
- Lacking the ability to understand
- Mirror Image Rule
Nota:
- Must match exactly
- Mutual Mistual
Nota:
- Both parties make a mistake
- Normal Consideration
Nota:
- Parties do not want to state the amount
- Offer
Nota:
- Proposal from one person to another
- Offeree
Nota:
- The one who receives a offer
- Offeror
Nota:
- Makes the offer
- Option
Nota:
- Offer open for a period of time
- Oral
Nota:
- Created by two or more people
- Past Performance
Nota:
- An act already performed
- Price Fixing
Nota:
- Competitors agree on certain price ranges
- Rejection
Nota:
- Refusal by the offeree
- Restrictive Covenant
Nota:
- Agreement not to complete in a region for a certain time
- Revocation
Nota:
- Taking back a offer
- Statute of Frauds
Nota:
- Requires contracts to be written and there enforceable
- Unconscionable
Nota:
- So grossly unfair
- Undue Influence
Nota:
- Unfair and improper
- Unenforceable Contract
Nota:
- Contract that court will not uphold
- Unlateral
Nota:
- Promise by only one person to do something
- Unilateral Mistake
Nota:
- An error
- Usury
Nota:
- Charging too high of an interest rate
- Valid Contract
Nota:
- Includes all elements by courts
- Void Contract
Nota:
- Without legal effect
- Voidable Contract
Nota:
- One or more parties can get out of contract
- Written
Nota:
- Contact terms are written
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