3549421
Descripción
Mapa Mental por James Blalock, actualizado hace más de 1 año
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Creado por James Blalock
hace casi 9 años
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Key Terms
of Contract
Law
- Acceptance
Nota:
- Saying yes to an offer
- Benefits
Nota:
- something that wasn't entitled to you
- Bilateral
Nota:
- two promises
- Capacity
Nota:
- legal ability to enter into a contract
- Consideration
Nota:
- benefits to an agreement
- Counteroffer
Nota:
- any change in offer
- Death
Nota:
- act of dying
- Detriments
Nota:
- any loss
- Duress
Nota:
- overcoming a persons business
- Economic Duress
Nota:
- threats to persons business
- Emancipation
Nota:
- parent-child relationship
- Express
Nota:
- contract statement that may be written
- Firm Offer
Nota:
- a written offer
- Forbearance
Nota:
- not doing something that you have a right to do
- Fraudulent Misrepresentation
Nota:
- party to a contract makes a false statement
- Genuine Agreement
Nota:
- a valid offer has been made by the offeror
- Illusory Promises
Nota:
- allows escape from legal obligation
- Implied
Nota:
- contract that comes about from the actions
- Insanity
Nota:
- offeror is crazy
- Legality
Nota:
- Illegal contracts
- Mentally Incapacitated
Nota:
- lacking the ability to understand
- Mirror Image
- Mutual Mistake
- Nominal Consideration
- Offer
- Offeror
- Option
- Oral
- Past Performance
- Price Fixing
- Rejection
- Restrictive covenant
- Offeree
- Revocation
- Statute of Frauds
- Unconscionable
- Undue Influence
- Unenforceable contract
- Unilateral
- Usury
- Valid contract
- Void contract
- Voidable contract
- Written
- Unilateral Mistake
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