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9 Cards in this Set
- Front
- Back
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Mutual Assent
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the parties must manifest by words
or conduct that they have entered into a contract |
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Consideration
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each party must intentionally
exchange a legal benefit or incur a legal detriment |
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Legality
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purpose of the contract must not be criminal, tortious, or otherwise against public policy
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Capacity
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the parties to a contract must have
contractual capacity |
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Bilateral
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Exchange of promises
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Unilateral
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Exchange of a promise for an act
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Intent
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objective standard of what a reasonable offeree
would have believed |
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Definiteness
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offer must be clear enough to provide a court
with a basis for giving an appropriate remedy |
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Mirror Image Rule
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acceptance must be the
mirror image of the offer |
