key terms to contracts

Descrição

mind map
jaelyntotten295370
Mapa Mental por jaelyntotten295370, atualizado more than 1 year ago
jaelyntotten295370
Criado por jaelyntotten295370 aproximadamente 9 anos atrás
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Resumo de Recurso

key terms to contracts
  1. offeree

    Anotações:

    • offer made to the person
    1. offeror

      Anotações:

      • makes the offer
      1. Oral

        Anotações:

        • created by two or more people speaking to each other
        1. death

          Anotações:

          • offeror dies
          1. Rejection

            Anotações:

            • refusal by offeree
            1. Legality

              Anotações:

              • illegal contracts
              1. mutual mistake

                Anotações:

                • Both parties are mistaken about an important fact
                1. Express

                  Anotações:

                  • contract statement that may be written or oral
                  1. noncriminal consideration

                    Anotações:

                    • token amount in a written contract where either parties cant or do not wish to state the amount
                    1. option

                      Anotações:

                      • the offeree gives the offeror something in value in return for a promise
                      1. Economic Duress

                        Anotações:

                        • threats to a persons business and income
                        1. past performance

                          Anotações:

                          • act that has already been performed cant be consideration in a contract
                          1. Restrictive covenant

                            Anotações:

                            • agreement not to complete in a region for a period of time
                            1. benefits

                              Anotações:

                              • something that a party was not previously entitled to receive
                              1. bilateral

                                Anotações:

                                • contains two promises
                                1. Emancipation

                                  Anotações:

                                  • serving of the parent child relationship

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