Show:
Elements of a Contract
Characteristics of a Contract
Capacity and Legality
How to End a Contract
This and That
100
Contract
What is any agreement enforceable by law
100
Express Contract
What is a contract statement that may be oral or written
100
Emancipated
What is a minor who is no longer under the legal control of his or her parents
100
Discharge by Agreement
What is people can end a contract by mutual agreement
100
Fraud
What is a deliberate deception intended to serve an unfair and unlawful gain
200
Capacity
What is the legal ability to enter into a contract
200
Implied Contract
What is a contract that comes about from the actions of parties
200
Ratification
What is the act of agreeing to go along with a contract that could have been avoided
200
Substantial Performance
What is a situation in which a party has, in good faith, completed the major requirements of a contract, leaving only a few minior details unfinished
200
Duress
What is the act of destroying sombody's free will by force, threat of force, or bodily harm
300
Consideration
What is the exchange of beneifts and detriments by parties to a contract
300
Bilateral Contract
What is a contract that contains two promises
300
Agreements Interferring with Marraige
What is contracts that discourage, damage, or destroy good family relationships.
300
Impossibility of Performance
What is when one of three situations prevent the performance of a service contract: death or illness, destrution of subject matter, illegailty
300
Crime
What is an offense committed abainst the public
400
Acceptance
What is the second party's willingness to go along with the first party's proposal
400
Valid
What is a legally good contract
400
Public Policy
What is a legal principle that holds that nobody should be allowed to do something that harms the public
400
Breach of Contract
What is when a person fails to perform the duties spelled out by a contract
400
Entrapment
What is when a law enforcement offical tricks someone into committing a crime he or she would otherwise not have committed
500
Genuine agreement
Means that an agreemetn is truena dn genuine: a valid offer must be met by a vaild acceptance
500
Unilateral Contract
What is a contract that contains a promise by only one person to do something, if and when the other party performs some act
500
Statue of Frauds
What is a state law that requires that certain contracts be in writing
500
Innocent Misrepresentation
What is when a person who is involved in a contract negotiations syas something that he or she believes to be true that turns out to be false
500
Tort
What is a private wrong committed by one person against another