delete13 - could walk away from the contract such as minor...

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4/14/2008 Bus 80 Notes Next week 4/21/2008 Read CH 18 -20 Uniform commercial code CH 10 – 13 Contract Genuineness of Assent – did they really accept the offer or agreement? Types of contracts Bilateral – promise to perform – promise to promise Unilateral – promise for an act Contract Enforceability Valid – Agreement, consideration, contractual capacity and legality Void – no contract Voidable (unenforceable) – valid contract can be avoided or rescinded (usually one party
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Unformatted text preview: could walk away from the contract such as minor could void the contract) Quasi-contracts Implied in law Fairness due to job done Requirements of the offer-offerors serious intention-Definiteness of terms-Communication to offeree Contract offer and acceptance need to be mirror image. Written offer to written acceptance Verbal offer to verbal acceptance Feelings do not count!!!!! Buyer beware!!!...
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This note was uploaded on 09/08/2010 for the course BUS 80 at San Jose State University .

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delete13 - could walk away from the contract such as minor...

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