3549454
Descripción
Mapa Mental por samuel wallace, actualizado hace más de 1 año
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Creado por samuel wallace
hace más de 8 años
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Contract Law
- Acceptance
Nota:
- Unqualified willingness by the offeree to go along with the offer
- Benefits
Nota:
- Something you get as a bonus
- Bilateral
Nota:
- Both people promise
- Capacity
Nota:
- Legality to enter into a contract
- Consideration
Nota:
- Exchange of term until an agreement is reached
- Counteroffer
Nota:
- A change to the terms
- Death
Nota:
- Offeror dies
- Duress
Nota:
- Taking someones free will by force
- Economic Duress
Nota:
- Threats to a business
- Emancipation
Nota:
- Cutting parent child relations
- Express
Nota:
- Contract Statement
- Firm Offer
Nota:
- A written offer that ensures goods will be delivered
- Forbearance
Nota:
- Doing something that you cant do
- Fradulent Misrepresentation
Nota:
- Party lies intentionally
- Genuine Agreement
Nota:
- Both parties have agreed
- Illusory Promises
Nota:
- Words that act as loopholes
- Implied
Nota:
- Contract made from actions
- Insanity
Nota:
- Offeror is declared insane
- Legality
Nota:
- Illegal Contract
- Mentally Incapacited
Nota:
- Lacking the ability to understand the contract
- Mirror Image Rule
Nota:
- Both terms must be exactly the same
- Mutual Mistake
Nota:
- Both parties are wrong
- Nominal Consideration
Nota:
- When the parties don't state an ammount
- Offer
Nota:
- Proposal too create a legally binding deal
- Offeree
Nota:
- Offer made
- Offeror
Nota:
- Offer made
- Option
Nota:
- Something of value in exchange for more time
- Oral
Nota:
- Created from Speech
- Past Performance
Nota:
- Acts that have already been performed cant be considered in a contract
- Price Fixing
Nota:
- Competitors agree on how much theyre product cost
- Rejection
Nota:
- Saying No to a contract
- Restrictive Covenant
Nota:
- Agreement to not participate in a region
- Revocation
Nota:
- Taking back an offeror
- Statute of Frauds
Nota:
- Certain contracts be written
- Unconcscionable
Nota:
- So unfair it would shock the court
- Undue Influence
Nota:
- Contract the court will not uphold
- Unilateral
Nota:
- Contract only one person agrees to
- Unilateral Mistake
Nota:
- Mistake by one party
- Usury
Nota:
- Charging to much interest
- Valid contract
Nota:
- Includes all legal elements
- Void Contract
Nota:
- Without Legal Effect
- Voidable Contract
Nota:
- One or more parties cant leave the contract
- Written
Nota:
- Contract is written
- Termination
Nota:
- Ending a contract
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