Contract Law

lalaryan8847
Mind Map by lalaryan8847, updated more than 1 year ago
lalaryan8847
Created by lalaryan8847 over 6 years ago
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Contract Law
  1. Acceptance Taking the offer
    1. Benefits and unexpected perk
      1. Capacity Legal Ability to to get a contract
        1. Bilateral

          Annotations:

          • 2 promises 
          1. Consideration

            Annotations:

            • Exchange of benefits 
            1. Counteroffer

              Annotations:

              • any change in the offer
              1. Death

                Annotations:

                • Offeror dies 
                1. Detriments

                  Annotations:

                  • any loss suffered 
                  1. Duress

                    Annotations:

                    • overcoming a persons free will or force 
                    1. Economic Duress

                      Annotations:

                      • threats to a persons income
                      1. Express

                        Annotations:

                        • contract that is out loud
                        1. Firm Offer

                          Annotations:

                          • an offer written for goods 
                            1. Forberance

                              Annotations:

                              • Nt doing something you have the right to do 
                              1. Assent

                                Annotations:

                                • a valid offer 
                                1. illusory Promises

                                  Annotations:

                                  • Clause r wording that allows a party to leave 
                                  1. Implied

                                    Annotations:

                                    • Contracts comes with offers
                                    1. Insanity

                                      Annotations:

                                      • offer in declared insane
                                      1. Legality

                                        Annotations:

                                        • illegal contracts
                                        1. Mentally Incapacitated

                                          Annotations:

                                          • Lacking the ablility to understand the concequences of your contract 
                                          1. Mirror Rule

                                            Annotations:

                                            • fge
                                            1. Nominal Cons.

                                              Annotations:

                                              • Token amount written contract where both partires cant do the wished amount 
                                              1. offer
                                                1. offeree
                                                  1. option

                                                    Annotations:

                                                    • gfg
                                                    1. oral

                                                      Annotations:

                                                      • Out loud
                                                      1. Past pr
                                                        1. price Fixing

                                                          Annotations:

                                                          • Agree on price 
                                                          1. Rejection

                                                            Annotations:

                                                            • Does not acceept 
                                                            1. Restrictive Covenant

                                                              Annotations:

                                                              • Agreement not compete in region for a period of time 
                                                                1. Revocation

                                                                  Annotations:

                                                                  • Taking back an offer
                                                                  1. Statue of Frauds

                                                                    Annotations:

                                                                    • requires certain contracts be writing to be enforeable
                                                                    1. unconscionable

                                                                      Annotations:

                                                                      • so grossly unfair oroppresive that could shock the cosiced 
                                                                      1. undue influence

                                                                        Annotations:

                                                                        • unfair an improper persuasive pressure w a relationship
                                                                        1. unenforceable contract

                                                                          Annotations:

                                                                          • contract that will not uphold 
                                                                          1. unilateral

                                                                            Annotations:

                                                                            • contAINS a promise by only one person 
                                                                            1. unsury

                                                                              Annotations:

                                                                              • chaning an intrest rate
                                                                              1. valid contract

                                                                                Annotations:

                                                                                • good contract
                                                                                1. void contract

                                                                                  Annotations:

                                                                                  • a bad contrCT
                                                                                  1. WRITEN

                                                                                    Annotations:

                                                                                    • ON PAPER
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