Study_Guide_for_Contracts - Chapter 10 Contracts 1. 2. 3....

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

View Full Document Right Arrow Icon
Chapter 10 Contracts 1. Why do we need contracts? 2. What is a contract? 3. Name the elements of a valid contract. a. Agreement – offer and acceptance i. Genuineness of assent – no fraud, misrepresentation, duress, undue influence b. Consideration – what each side gives c. Contractual capacity – does each side have its right mind about it? d. Legality – is it legal? 4. What is the difference between a unilateral and a bilateral contract? 5. Explain the difference: a. Express contracts b. Implied in fact contracts c. Quasi contracts – implied in law d. Executed and executory contracts– difference? e. Valid, void, voidable, unenforceable – difference? 6. Agreement a. Offer from offeror to offeree i. Seriously intended 1. opinion? Intention to do something in the future? Preliminary negotiations? Agreements to agree? Advertisements? ii. Certain and definite in these items: 1. parties 2. object or subject matter 3. consideration to be paid 4. time or delivery or performance iii. Communicated by offeror to offeree – what does this mean? iv.
Background image of page 1

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

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

This note was uploaded on 04/08/2008 for the course BLAW 310 taught by Professor Keaty during the Spring '08 term at University of Louisiana at Lafayette.

Page1 / 3

Study_Guide_for_Contracts - Chapter 10 Contracts 1. 2. 3....

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online