Session 6 - 13 Differentiate between a public offer and an...

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Session 6 Chapters 6 and 7 The Nature, Characteristics, and Status of Contracts Offer and Acceptance Chapter 6 Outcomes 1. Distinguish between the will theory and the formalist theory of contract law. 2. Identify the six elements of a contract. 3. Explain the place of the UCC in contract law. 4. Distinguish contracts from other agreements made between different parties. 5. Explain the concept of privity and contract law. 6. Explain the nature of valid, void, voidable, and unenforceable contracts. 7. Contrast unilateral and bilateral contractual arrangements. 8. Outline the difference between express and implied contracts. 9. Discuss the difference between quasi-contracts and implied-in-fact contracts. 10. Explain how executory contracts differ from executed contracts. Major Concepts The Nature of Contracts Contractual Characteristics Chapter 7 Outcomes 11. Explain how formalism guides the court in determining the elements of offer and acceptance. 12. Identify the three requirement of a valid offer.
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Unformatted text preview: 13. Differentiate between a public offer and an invitation to trade. 14. Explain acceptance of an offer in the case of a unilateral contract and a bilateral contract. 15. Identify the role of the Uniform Commercial Code (UCC) in the law. 16. Explain the UCC s concept of acceptance in contract law. 17. Define the mirror image rule. 18. Relate the various means by which an offer can be revoked. 19. Explain what is meant by a firm offer. 20. Identify those statutes that affect the formation of cybercontracts. Major Concepts • Requirements of an Offer • Acceptance of an Offer • Revocation of an Offer • Option Contracts and Firm Offers • Offer and Acceptance in Cybercontract Law Assignments 1. Read the chapters. 2. Review PowerPoint slides for Chapter 6 and Chapter 7 . 3. Review the Key Terms. 4. Complete any postings on the discussion board. 5. Complete quizzes for Chapter 6 and Chapter 7 by deadline....
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This note was uploaded on 02/08/2010 for the course BUS 107 3.03671354 taught by Professor Diaz during the Spring '09 term at Strayer.

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Session 6 - 13 Differentiate between a public offer and an...

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