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3 Cards in this Set
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- Back
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Contract Law
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A promise or set of promises for the breach of which the law gives a remedy or the performance of which the law recognizes as duty.
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What do you need to have a contract?
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1. Offer
2. Acceptance 3. Consideration 4. Parties must have Capacity 5. Purpose of contract must be legal 6. Certain types must be in writing |
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What is an Offer?
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A manifestation of an intention to contract; manifestation is the equivalent of communication; for intention it doesn't matter what parties are thinking, it matters what is communicated and how a reasonable person would interpret and be able to know.
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