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Bus Law 2.01

Contract Law

TermDefinition
Acceptance Willingness by the offeree to go along with the offer
Benefits receiving something that wasn't entitled to be received
Bilateral 2 promises
Capacity ability to enter a contract
Consideration exchange of benefits
Counteroffer change in terms
Death offeror dies
Detriments
Duress
Economic Duress
Emancipation
Express
Firm Offer
Forbearance
Fraudulent Misrepresentation
Genuine Agreement (Assent)
Illusory Promises
Implied
Insanity
Legality
Mentally Incapacitated
Mirror Image Rule
Mutual Mistake (Bilateral Mistake)
Nominal Consideration
Offer
Offeree
Offeror
Option
Oral
Past Performance
Price Fixing
Rejection
Restrictive covenant
Revocation
Statute of Frauds
Unconscionable
Undue Influence
Unenforceable contract
Unilateral
Unilateral Mistake
Usury
Created by: 1409619
Popular Business sets

 

 



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