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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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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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Contractual Capacity |
Both parties must have characteristics that qualify them as competent. |
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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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Voluntary Consent |
Both parties must be consenting. |
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Form |
A contract must be in the form as the law requirements |
