10-26-10_notes

10-26-10_notes - 10/26/10 BLAW 3391 HW: Cases 15-2 &...

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10/26/10 BLAW 3391 Test 10/28 (Thursday) 50 questions Learn the definitions of the Chapter (EX: contracts) Contracts said in words vs. contracts of conduct When Offers become effective vs. when acceptance becomes effected Advertisements Effect of counter offer on original offer o When you can get out and what point you can no longer get out of it How to terminate offers Acceptance must be the exact guidelines of the offer, any changes are a counter offer Duress, undue influence, fraud, improper threats Fraud in the inducement – intentional representation Unilateral mistakes and mutual mistakes Consideration must have legal value Output and requirement contracts – What is the difference Making a deal on a conditional promise unless the person knows that is wont be fulfilled Pre existing duty in contracts Illusory, gambling, blue laws Legal capacity, intoxicated people, minors Fiduciary – relationship in undue influence
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10-26-10_notes - 10/26/10 BLAW 3391 HW: Cases 15-2 &...

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