Contracts General
This type of contract is a promise for a promise
What is Bilateral?
What is legality?
When an agent goes off the path while working
What is frolic and detour?
UCC stands for
What is Uniform Commercial Code?
This type of contract is formed by the conduct of the parties.
What is implied?
this element of a contract can be complicated due to age or mental awareness.
What is capacity?
List one duty of care the agent owes the principle.
What is loyalty, obey instructions, Confidentiality, not to compete, or care?
What does the UCC do?
The UCC facilitates commerce among the states by providing a uniform, yet flexible, set of rules governing commercial transactions.
An unconditional offer to perform an obligation by a person who is ready, willing, and able to do so.
What is tender?
This element of the contract requires both offer and acceptance
What is agreement?
These make up the ABC of agency principle relationships