5 Written questions
5 Matching questions
- Void Contract
- Express Contract
- Liquidated Damages
The reason a person enters into a contract-Vlaue-
a sum agreed upon by the parties at the time of entering into a contract as being payable by way of compensation for loss suffered by the event of a breech of contract
A contract whos terms are stated by the party. (verbal or written)
Having legal capacity; capable quallified
- e A contract that creates no legal rights= no contract at all.
5 Multiple choice questions
avoidable, subject to disaffirmance, defective but not valid
A proposal made with the purpose of obtaining and acceptance, therby creating a contract.
contract implied in fact, which the law infers from the circumstances , conduct,acts, or the relationshipsof the parties rather than their spoken words. 2. contracts implied in law which are quasi contracts or constructive .
- Rule evidance of fraud contract
requires certain classes of contract to be in writing and signed. Prevent fraud by the parties
5 True/False questions
Meeting of the Minds →
The mutual assent of the parties to a contract with respect to all the prinicipal terms of the contract
Restitution → in both contract and tort a remdy that restores the status quo
Formal Contract →
A contract that is not written. Unless the asubject of the contract is covered by the statuate of frauds, it is jsut as valid as a written contract
A person who mkaes an offer
Involoving two intrests. 2. having two sides