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6 Cards in this Set
- Front
- Back
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consideration
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a benefit or advantage that must be bargained for by two parties. promises to give a gift or moral consideration are not considered valid
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are illegal contracts valid?
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no, they're considered void
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common law of contracts
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made up by states
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UCC
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it's a statute that has detailled laws on commcercial transactions
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the restatement of the law of contracts
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model contract law created by legal scholars.it's not law just used for guidance
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quasi-contract
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altho there is no specici written contract defendant can still sue as if htere was.
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