Putting It In Writing
Introduction to Written
The vast majority of business contracts
are in some form of writing.
The Statute of Frauds
The Statute of Frauds is an ancient
legal doctrine that requires certain
Capacity and Legality
Contracts must have a legal subject in
order to be enforceable.
Why is capacity important?
If a plaintiff seeks to enforce a contract,
he must prove that the defendant had
legal capacity to ente
What is Mutual Assent?
Mutual assent is the term that we use
to encompass not only the offer and the
acceptance, but also the understanding
of the parties about what the contract
Mutual Assent versus Co
Chapter 4: Consideration
(Bargained for Exchange)
Consideration is often defined as some
right, interest, profit or benefit accruing
to one party or the loss, detriment or
responsibility assumed by another party
to the contract.
Chapter 2: Offers
Introduction to Offers
How definite must an offer be?
What does the law require for a valid
Defining an Offer
An offer is an expression by one
person of his willingness to enter into a
bargain with another person.