Requirements for a valid contract
I include an offer and acceptance.
What is an agreement?
A contract that an offeree can accept simply by promising to perform.
What is a bilateral contract?
An intoxicated person, after becoming sober and within a reasonable amount of time, can either () or () a contract.
What is ratify or disaffirm?
For a contract to be valid and enforcible,it must be formed for a _____ purpose.
Both parties must have this to enter into a contract.
What is contractual capacity?
I require a special form or method to be created.
What is a formal contract?
A minor can become liable for a contract upon this.
What is emancipation?
I am 'Contracts to commit a crime', 'Usury', 'Gambling', 'Licensing Statutes'...
What are Contracts Contrary to Statute?
I'm irrelevant when it comes to contracts.
What is subject beliefs?
I am a contract that has been fully performed on both sides.
What is an executed contract?
An act of accepting and giving legal force to an obligation that previously was not enforceable.
What is ramification?
I am 'Contracts in restraint of trade', 'unconscionable contracts or clauses', 'Exculpatory Clauses', 'Adhesion Contracts' and 'Discriminatory Contracts'...
What are Contracts contrary to Public Policy?
I am something of value received or promised.
What is a consideration?
Is no contract at all.
What is a void contract?
These are two ways a person ratify a previously unenforceable contract.
What are expressly or impliedly?
What are 'Justifiable Ignorance of the facts', 'members of protected classes', 'Withdrawal from an illegal agreement', 'Contract illegal through fraud, duress, or undue influence', 'severable, or divisible, contracts'?
What is the effect of Illegality?
A contract's goal has to be ____.
What is legal?
A contract that cannot be enforced because of certain legal defenses against it.
What is an unenforceable contract?
I'm what's needed to withdraw from an illegal contract.
What is notice of repudiation?
What type of unconscionability typically arises when a parties lack of knowledge or understanding of the contract terms deprived him/her of any meaningful choice?
Procedural Unconscionability