4385085
Description
Mind Map by sanchez996flow, updated more than 1 year ago
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Created by sanchez996flow
almost 9 years ago
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ELEMENTS OF A CONTRACT
- COMPETENT PARTIES
- MUST BE OF A LEGAL AGE
- MENTALY COMPETENT
- NOT UNDER THE INFLUENCE
OF ALCOHOL OR DRUGS
- MUST BE OF A LEGAL AGE
- LEGALITY OF PURPOSE
- THE CONTACT MUST BE OF A LEGAL
NATURE, HAVE A LEGAL PURPOSE, AND
CANNOT GO AGAINST THE LAW
- THE CONTACT MUST BE OF A LEGAL
NATURE, HAVE A LEGAL PURPOSE, AND
CANNOT GO AGAINST THE LAW
- OFFER AND ACCEPTANCE
- THE EXCHANGE OF
VALUE FOR VALUE
- THE EXCHANGE OF
VALUE FOR VALUE
- CONSIDERATION
- ONE PARTY MAKES A LEGITIMATE
OFFER AND ANOTHER PARTY MUST
ACCEPT THE OFFER
- ONE PARTY MAKES A LEGITIMATE
OFFER AND ANOTHER PARTY MUST
ACCEPT THE OFFER
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