3549413
Beschreibung
Mindmap von terri.johnson255, aktualisiert more than 1 year ago
|
|
Erstellt von terri.johnson255
vor fast 9 Jahre
|
|
Contract Law
- Acceptance
Anmerkungen:
- when the offeree goes along with the offer
- benefits
Anmerkungen:
- something that someone wasn't entitled to recieve
- bilateral
Anmerkungen:
- two promises
- capacity
Anmerkungen:
- entering into a contract legally
- consideration
Anmerkungen:
- when two parties exchange benefits
- counteroffer
Anmerkungen:
- a change in the terms of the offer
- death
Anmerkungen:
- offeror dies
- detriments
Anmerkungen:
- a loss suffered or something given up
- duress
Anmerkungen:
- overcoming a person's free will using force or bodily harm
- economic duress
Anmerkungen:
- threat to a person's business or income
- emancipation
Anmerkungen:
- severing of the parent-child relationship
- express
Anmerkungen:
- contract statement written or oral
- firm offer
Anmerkungen:
- a written offer for goods states the period of time when the offer will stay open
- forbearance
Anmerkungen:
- not doing something you have the right to do
- fraudulent misrep
Anmerkungen:
- when a party to a contract purposely makes an untrue statement of fact
- genuine agreement
Anmerkungen:
- a valid offer made of offeror a vaild acceptance made by offeree
- illusory promises
Anmerkungen:
- clause for wording that allows party to escape from legal obligation
- implied
Anmerkungen:
- contract that comes about from the action of parties
- insanity
Anmerkungen:
- offer is declared insane
- legality
- mentally incapacitated
Anmerkungen:
- lacking to understand the consequences of his or her contractual acts
- mirror image rule
Anmerkungen:
- terms of the acceptance must match exactly (mirror) the terms of the offer
- mutual mistake
Anmerkungen:
- both parties are mistaken about an important fact
- nominal consideration
Anmerkungen:
- token amount in a written contract where either of the parties cannot or do not wish to state the amount
- offer
Anmerkungen:
- proposal by one party with intent to create a binding legal agreement
- offeree
Anmerkungen:
- the one being made the offer
- offeror
Anmerkungen:
- the one making the offer
- option
Anmerkungen:
- when the offeree gives the offeror something of value in return for a promise to keep the offer open for a set period of time
- oral
Anmerkungen:
- created by two or more people speaking to each other
- past performance
Anmerkungen:
- an act that has already happened cannot be considered in an contract
- price fixing
Anmerkungen:
- competitors agree on certain price ranges within which they sell their products
- 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 that certain contracts be in writing to be enforceable
- unconscionable
Anmerkungen:
- so grossly unfair or oppressive it would shock the conscience of the court
- undue influence
Anmerkungen:
- unfair and improper persuasive pressure pressure within a relationship of law
- unenforceable contract
Anmerkungen:
- contract that court will not uphold, usually because of some rule of law
- unilateral
Anmerkungen:
- contains a promise by only one person to do something if and when the other party performs a certain act
- unilateral mistake
Anmerkungen:
- an error on the part of one of the parties
- usury
Anmerkungen:
- charging too high of an interest rate
- valid contract
Anmerkungen:
- includes all elements recognized by the courts
- void contract
Anmerkungen:
- without legal effect
- voidable contract
Anmerkungen:
- one or more parties can get out of contract for some legal reason
- written
Anmerkungen:
- contract terms are written so that both parties know the exact terms
Möchten Sie kostenlos Ihre eigenen Mindmaps mit GoConqr erstellen? Mehr erfahren.