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17 Cards in this Set
- Front
- Back
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What is a contract? |
Written or oral agreement, legally binding. |
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What is the purpose of a contract? |
provide legal recourse if someone messes up |
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7 Type of Contracts |
Every Insect Views Every Elephant as Ugly Express, Implied, Voidable, Executory, Enforceable, Unenforceable, (realty and goods)
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Express contracts are? |
written or oral contracts |
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Implied contracts are? |
inferred by law |
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Voidable contracts are? |
allows one party, but not the other to escape |
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executor contracts are? |
obligations have been performed fully |
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enforceable contract is? |
legal |
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unenforceable contract is? |
defective...no legal remedy available. |
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For a contract to be enforceable it must have what three things? |
offer, consideration, acceptance |
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Breach of contract must have what four elements? IMPORTANT |
valid contract, plaintiff performed properly, defendant failed to perform, plaintiff suffered economic loss |
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permissible defenses for not performing under a contract are? |
fraud, duress, illegal contract, impossible to perform... |
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Employee handbooks and bylaws are always contracts? |
No, especially if there is a disclaimer. |
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Exclusive contracts are? |
contracts with physicians to provide specific services for the organization. |
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FTC monitors what? |
the marketplace and enforces antitrust laws - keeps things competitive |
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moratorium is? |
prohibits further appointments to an organizations medical staff |
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transfer agreement is? |
writtend document where a patient can be transferred to an alternate facility for care. |
