ch 15
What is the contact that an injured party can choose to terminate?
What is a Voidable contract
Without the legal excuse of a promisor to perform the obligation of a contract
what is a breach of contract
who is the person appointed to settle a decedent's
this makes the contract enforceable for the quantity of good admitted
Admission
the person the contract promise is made to
what is promisee
What is when you restore an injured party to its original position
What is Restitution
What is it when a party to a contract represents something that is factually wrong
What is fraud
who must the contract be signed by who to be enforceable to sue
what is the defendant
The contract that the parties intend as the final, complete expression of their agreement
what is integrated contract
A person who rights to a contract is assigned
what is assignee
when someone makes an improper threat made to force another party to enter into a contract.
what is Duress
What is it called when both contracting parties share the same mistake
what is Mutual Mistake
what is the meaning given to a contract
what is Interpretation
Anything that was said before, during, or after the contract the not in writing.
what is parol evidence
The three-way agreement in which the obligor transfers all rights and duties to a third party
What is Notvation
To rescind a unilateral mistake, the mistaken party must?
Demonstrate that he entered the contract because of a basic factual error.
For a contract for the sale of land, to be enforceable the contract must be in
In writing
The UCC requires writing for any sales of goods over the price of
What is 500 dollars
The person how enforces a contract made between two other parties
what is intended beneficiary
someone who has the potential to benefit from a contract
what is third party
•When one party naturally expects openness and honesty, based on a close relationship, the other party must act accordingly
What is a relationship of trust
what is it called when one person agrees to pay the debt of another person
What is a collateral promise
what statue does not apply to executed contracts
what is full performance
a person who can benefit from a contract between two other people but cannot enforce the agreement
what is incidental beneficiary
when someone tries to transfer property with the intent to defraud creditors
what is a fraudulent conveyance