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Contracts Lesson 1 Approach to Exams
Flashcards do conjunto (8)
- 1Contracts Exam Questions can be answered by Analyzing 5 Basic Issues? What is basic issue #1 ?#1
Was a Contract made between parties?
(Formation Problems - Offer & Acceptance & Consideration) - 2Contracts Exam Questions can be answered by Analyzing 5 Basic Issues? What is basic issue #2 ?#2
Are there any reasons why the Contract can NOT be enforced? - 3Contracts Exam Questions can be answered by Analyzing 5 Basic Issues? What is basic issue #3 ?#3
Who has enforceable Rights?
(Problems of 3rd party beneficiaries, assignee's, and delegates) - 4Contracts Exam Questions can be answered by Analyzing 5 Basic Issues? What is basic issue #4 ?#4
Is there an absolute duty to perform?
(Problems of conditions, changed circumstances, discharge) - 5Contracts Exam Questions can be answered by Analyzing 5 Basic Issues? What is basic issue #5 ?#5
If the Contract has been broken, what Remedies are available to the innocent Party? - 6To establish an enforceable contract there must be a showing of _______? 1. C______ 2. M__________A (O_____ & A_____)1. Consideration
2. Mutual Assent
(Manifested by an Offer & Acceptance) - 7Mutual Assent1. Meeting of the Minds
(When two parties come into an equal understanding, agreement of the subject matter.
2. Offer & Acceptance - 8—
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- Approach to Exams - In Contracts
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- Juan De La Fuente
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