Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
11 Cards in this Set
- Front
- Back
|
Catalog
|
Things which are not offers
|
|
|
1) Withdrawl
2) Counter-Offer 3) Rejection 4) Terms of the offer 5) Death of either party |
5 things that terminate an offer
|
|
|
Consideration
|
Everyone who receives a promise in a contract gives something in exchange.
|
|
|
Promissory Estoppel
|
1) Promise has to be reasonable.
2) Has to be detrimental reliance. 3) It would be unfair to let them out at their promise. |
|
|
Fraud/Misrepresentation
|
Fraud-Intentional creation in the mind of another of an impression of a material fact, which is not true upon which the other party relies.
Misrepresentation-same but unintentional |
|
|
Duress
|
Unlawful persuasion
|
|
|
Undue Influence
|
Unfair persuasion by a dominant person over a subservient person.
|
|
|
Statutes of Frauds and Limitations
|
Places a time limit on how long you have to file a lawsuit.
|
|
|
Parol Evidence Rule
|
Written evidence is better than oral evidence.
|
|
|
Rights-Assignments
Duties-Delegation |
Rights and Duties
|
|
|
Consequential Damages
|
Indirect damages
|
