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Contract Law

Beschreibung

A mind map on contract law
samuel wallace
Mindmap von samuel wallace, aktualisiert more than 1 year ago
samuel wallace
Erstellt von samuel wallace vor mehr als 9 Jahre
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Zusammenfassung der Ressource

Contract Law
  1. Acceptance

    Anmerkungen:

    • Unqualified willingness by the offeree to go along with the offer
    1. Benefits

      Anmerkungen:

      • Something you get as a bonus
      1. Bilateral

        Anmerkungen:

        • Both people promise
        1. Capacity

          Anmerkungen:

          • Legality to enter into a contract
          1. Consideration

            Anmerkungen:

            • Exchange of term until an agreement is reached
            1. Counteroffer

              Anmerkungen:

              • A change to the terms
              1. Death

                Anmerkungen:

                • Offeror dies
                1. Duress

                  Anmerkungen:

                  • Taking someones free will by force
                  1. Economic Duress

                    Anmerkungen:

                    • Threats to a business
                    1. Emancipation

                      Anmerkungen:

                      • Cutting parent child relations
                      1. Express

                        Anmerkungen:

                        • Contract Statement
                        1. Firm Offer

                          Anmerkungen:

                          • A written offer that ensures goods will be delivered
                          1. Forbearance

                            Anmerkungen:

                            • Doing something that you cant do
                            1. Fradulent Misrepresentation

                              Anmerkungen:

                              • Party lies intentionally
                              1. Genuine Agreement

                                Anmerkungen:

                                • Both parties have agreed
                                1. Illusory Promises

                                  Anmerkungen:

                                  • Words that act as loopholes
                                  1. Implied

                                    Anmerkungen:

                                    • Contract made from actions
                                    1. Insanity

                                      Anmerkungen:

                                      • Offeror is declared insane
                                      1. Legality

                                        Anmerkungen:

                                        • Illegal Contract
                                        1. Mentally Incapacited

                                          Anmerkungen:

                                          • Lacking the ability to understand the contract
                                          1. Mirror Image Rule

                                            Anmerkungen:

                                            • Both terms must be exactly the same
                                            1. Mutual Mistake

                                              Anmerkungen:

                                              • Both parties are wrong
                                              1. Nominal Consideration

                                                Anmerkungen:

                                                • When the parties don't state an ammount
                                                1. Offer

                                                  Anmerkungen:

                                                  • Proposal too create a legally binding deal
                                                  1. Offeree

                                                    Anmerkungen:

                                                    • Offer made
                                                    1. Offeror

                                                      Anmerkungen:

                                                      • Offer made
                                                      1. Option

                                                        Anmerkungen:

                                                        • Something of value in exchange for more time
                                                        1. Oral

                                                          Anmerkungen:

                                                          • Created from Speech
                                                          1. Past Performance

                                                            Anmerkungen:

                                                            • Acts that have already been performed cant be considered in a contract
                                                            1. Price Fixing

                                                              Anmerkungen:

                                                              • Competitors agree on how much theyre product cost
                                                              1. Rejection

                                                                Anmerkungen:

                                                                • Saying No to a contract
                                                                1. Restrictive Covenant

                                                                  Anmerkungen:

                                                                  • Agreement to not participate in a region
                                                                  1. Revocation

                                                                    Anmerkungen:

                                                                    • Taking back an offeror
                                                                    1. Statute of Frauds

                                                                      Anmerkungen:

                                                                      • Certain contracts be written
                                                                      1. Unconcscionable

                                                                        Anmerkungen:

                                                                        • So unfair it would shock the court
                                                                        1. Undue Influence

                                                                          Anmerkungen:

                                                                          • Contract the court will not uphold
                                                                          1. Unilateral

                                                                            Anmerkungen:

                                                                            • Contract only one person agrees to
                                                                            1. Unilateral Mistake

                                                                              Anmerkungen:

                                                                              • Mistake by one party
                                                                              1. Usury

                                                                                Anmerkungen:

                                                                                • Charging to much interest
                                                                                1. Valid contract

                                                                                  Anmerkungen:

                                                                                  • Includes all legal elements
                                                                                  1. Void Contract

                                                                                    Anmerkungen:

                                                                                    • Without Legal Effect
                                                                                    1. Voidable Contract

                                                                                      Anmerkungen:

                                                                                      • One or more parties cant leave the contract
                                                                                      1. Written

                                                                                        Anmerkungen:

                                                                                        • Contract is written
                                                                                        1. Termination

                                                                                          Anmerkungen:

                                                                                          • Ending a contract
                                                                                          Zusammenfassung anzeigen Zusammenfassung ausblenden

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