Elements of a Contract
Characteristics of a Contract
Contract Types
Bill of Rights
Constitution
100
A proposal made by one party to another party indicating a willingness to enter a contract.
What is an Offer
100
Legally good, legally binding
What is Valid
100
Terms that have been reduced to writing
What is a Written Contract
100
This Amendment requires law enforcement officers to obtain a lawful warrent before searching your home
What is the 4th Amendment
100
All legislative Powers herein granted shall be vested in a Congress of the United States, which shall consist of a Senate and House of Representatives.
What is Section 1
200
The agreement of the offeree to be bound by the terms of the offer.
What is an Acceptance
200
No legal effect, missing a required element
What is Void
200
An agreement made verbally for the provision of goods or services in return for a consideration, in veterinary practice usually in the form of money.
What is Verbal Contract
200
The right to bear arms
What is the Second Amendment
200
The House of Representatives shall be composed of Members chosen every second Year by the People of the several States, and the Electors in each State shall have the Qualifications requisite for Electors of the most numerous Branch of the State Legislature.
What is Section 2
300
Offer and acceptance go together to create genuine agreement, or a meeting of the minds.
What is an Agreement
300
A party is able to void or cancel for some legal reason (two minors).
What is Voidable
300
A price that is not subject to any adjustments
What is a Fixed Price Contract
300
Prohibiting the federal government from imposing excessive bail, excessive fines or cruel and unusual punishments.
What is the 8th Amendment
300
The Senate of the United States shall be composed of two Senators from each State, chosen by the Legislature thereof for six Years; and each Senator shall have one Vote.
What is Section 3
400
Consideration is the thing of value promised to one party in a contract in exchange for somthing else of value promised by the other party.
What is Consideration
400
Stated in words and may be oral or written
What is Express
400
Written preliminary contractual instruments that authorize the contractor to begin immediately manufacturing supplies or performing services.
What is a Letter Contract
400
The law enforcement denies you the right to protest peacefully is a violation of
What is the 1st Amendment
400
The Senators and Representatives shall receive a Compensation for their Services, to be ascertained by Law, and paid out of the Treasury of the United States.
What is Section 6
500
Minors are generally excused from contractual responsibility, as are mentally ill and or those drugged or drunk individuals.
What is Capacity
500
Come from actions of the parties, no words expressed
What is Implied
500
A requirements contract provides for filling all actual purchase requirements of designated Government activities for supplies or services during a specified contract period.
What is a Requirments Contract
500
To the United States Constitution, which is part of the Bill of Rights, protects against abuse of government authority in a legal procedure
What is the 5th Amendment
500
All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.
What is Section 7
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