3549407
Beschreibung
Mindmap von timothyg778, aktualisiert more than 1 year ago
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Erstellt von timothyg778
vor fast 9 Jahre
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Elements And
Characteristics
- Acceptance
Anmerkungen:
- Accepting the offer.
- Benefits
Anmerkungen:
- Something receive unexpected
- Bilateral
Anmerkungen:
- Two Promises
- Capacity
Anmerkungen:
- Enter into a contract
- Consideration
Anmerkungen:
- Benefits to an agreement
- Counteroffer
Anmerkungen:
- changes made in an offer
- Death
Anmerkungen:
- Dead!!!!!
- Detriments
Anmerkungen:
- Any loss
- Duress
Anmerkungen:
- Overcoming by force
- Economic Duress
- Emancipation
Anmerkungen:
- Parent child relationship
- Express
Anmerkungen:
- Contract statement that may be written oral
- Firm Offer
Anmerkungen:
- A written offer
- Forbearance
Anmerkungen:
- DOING WRONG!!!!!!!!
- Fraudulent
Misrepresentation
Anmerkungen:
- party makes an untrue fact
- Genuine
Agreement
(Assent)
Anmerkungen:
- A valid offer has been made by the offeror
- Illusory Promises
Anmerkungen:
- Allow escape from legal obligation
- Implied
Anmerkungen:
- Contracts that come from about the action
- Insanity
Anmerkungen:
- Offeror is crazy
- Legality
Anmerkungen:
- Illegal Contract
- Mentally Incapcitated
Anmerkungen:
- Lacking the ability to understand
- Mirror Image Rule
Anmerkungen:
- Match exactly
- Mutual Mistake
Anmerkungen:
- Both parties make a mistake
- Nominal Consideration
Anmerkungen:
- Parties cannot or do wish to state the amount
- Offer
Anmerkungen:
- Proposal by one party to another with intent to create a legal binding agreement
- Offeree
Anmerkungen:
- person who receives an offer
- Offeror
Anmerkungen:
- person who makes the offer
- Option
Anmerkungen:
- giving the offeror something in return that has value
- Oral
Anmerkungen:
- Created by two or more people speaking to each other
- Past Performation
Anmerkungen:
- Act that has already been performed cannot be consideration in a contract
- Price Fixing
Anmerkungen:
- competitors agree on certain price ranges
- Rejection
Anmerkungen:
- Refusal by the offeree
- Restrictive Covenant
Anmerkungen:
- agreement not to compete in a region for a period of time
- Revocation
Anmerkungen:
- Taking back of an offer by offeror
- Statute of Frauds
Anmerkungen:
- Requires certain contracts to be in writing to be enforceable
- Unconscionable
Anmerkungen:
- Unfair or oppressive that it would shock the conscience of the court
- Undue Influence
Anmerkungen:
- Unfair and improper persuasive pressure within a relationship of trust
- Unenforceable Contract
Anmerkungen:
- Contract that court will no unhold
- Unilateral
Anmerkungen:
- Contains a promise by only one person to do something
- Unilateral Mistake
Anmerkungen:
- An error on the part of one of the parties
- Usury
Anmerkungen:
- Charging to high of an interest rate
- Valid Contract
Anmerkungen:
- Includes all elements recognized by the court
- Void Contract
Anmerkungen:
- Without legal effect
- Voidable Contract
Anmerkungen:
- One or more parties can get out of an contract for some legal reason
- Written
Anmerkungen:
- Contract terms are written so that both parties know the exact terms
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