a promise (offer) is offered in exchange for a promise (acceptance).
a) the expression of a promise to enter into a contract
"There are no defenses against the formation of this contract. The parties affirm that there is:
Mutual assent with valid offer and valid acceptance;
a party to whom one the promisee owes a debt in a TPD contract (#1, 70).
another party's [promisor's] performance under the contract (Black's
on and that create both rights and duties for the parties to the agreement. Requires:
consideration, aka "bargainedfor exchange of promi
party hasnot incurred a detriment. . .the promise does not constitute adequate
for performance unless the delegatee ha
promises or acts that are agreed on involving an obligation on each party (mutuality) to perform
reasonable to compensate a person who has rendered services in a quasicontractual relationship.
anacceptanceiseffectiveorvalidupon posting,thatis,when itisdispatchedormailed (#1,p.17).
acceptance is valid on dispatch (Beckman, lecture 8/1/2013)
landlord would hire workers to perform on its behalf (#1, 60).
contracts creating an interest in land (including leases of property for over one year);
contracts that cannot be performed within one year of the date of
the principle that a promise made without consideration may nonetheless be enforced to prevent
a) if the promisor should have reasonably expected the promisee to rely on the promise, and
b) if the promisee did actually rely on the promise to h
each partytoacontract mustmakeall reasonableeffortstominimize theextentof damages under
promisee: the part
a condition stated or communicated in a contract (#1, 32).
a condition that is the manifested intention of the parties (Black's).
wrong." F. Gahan, The Law of Damages (1936). (Black's)
How do the t
a contractual provision making timely performance a condit