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6 Cards in this Set
- Front
- Back
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Agreement - An agreement includes an offer and an acceptance. One party must offer to enter into a legal agreement, and another party must accept the terms of the offer. |
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Voluntary Consent - The apparent consent of the parties must be voluntary. |
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Contractual Capacity - Parties must have the legal ability to contract for themselves. |
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Legality - A contract must be made to accomplish a goal that is legal and not against public policy. |
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Form - A contract must be in whatever form that the law requires. |
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Consideration - something of value, received or promised, to convince a person to contract. Promises must be supported by legally sufficient and bargained-for consideration. |
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