CH 9 notes on Contract Formation

CH 9 notes on Contract Formation - Chapter 9 Contract...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 9: Contract Formation Without the contract, there is not repercussions Elements of Contract those that are insane cannot make a valid contract (missed some more stuff) Defenses to Enforceability: If a guy threatens you with a gun to sign a contract, it does not count. It is not voluntary consent Statute of fraud are some contracts that have to be in writing Types of Contracts -one contract can be all of these types Bilateral vs. Unilateral Contracts is the person making the offer offeror or promisor is the person making the offer Offeree accepts the contract Bilateral contract is a promise for a contract Unilateral contract- we don't see them that often a promise for an act "I will pay you $500 if you get in my car and drive it cross country" Acceptance occurs when you engage in the action Revocation of Offers for Unilateral Contracts when substantial performance has occurred, the offer can no longer be revoked Formal vs. Informal
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern