Save
Upgrade to remove ads
Busy. Please wait.
Log in with Clever
or
show password
Forgot Password?
Don't have an account?  Sign up 
Sign up using Clever
or
Username is available taken
show password


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account. Your email address is only used to allow you to reset your password. See our Privacy Policy and Terms of Service.

Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't Know
Remaining cards (0)
Know
0:00
edit
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Business lawq chpt 7

TermDefinition
Contract Legally Enforceable Agreement
Tangible Personal Property Personal property that can be moved.
Offer A proposal made by one party
Offeror The person making the offer
offeree The person being made an offer
Acceptance Indication made by the offeree that he or she agreses to be bound by the terms of the offer
Mutual Agreement "meeting of the minds"
Consideration Exchange of Promises
Competent Capable of understanding what they are doing
Legality of Purpose Must not violate the law
Proper Form Requirements for ccntracts i.e. signatures, etc
Oral Contract A contract not in writing or signed by the parties
Written Contract A contract in writing on a permanent surface
Express Contract A contract that specifically states the agreement of the parties, either orally or in writing.
Implied Contract A contract that is neither oral nor written but is legally binding. The terms of this contract are understood from the actions or conduct of the parties.
Formal Contract A written contract under seal
Simple Contract An informal contract made without a seal
Entire Contract A contract with two or more parts dependant upon one another
Executory contract A contract in which a future act or obligation remains to be performed under it's terms
executed Contract A contract in which all the terms have been fully met by both parties
valid Contract An agreement resulting in an obligation that is legally enforceable
Void Contract A contract that lacks one or more of the essential elements of a contract
Voidable Contract A contract that may be rejected by one of the parties for a legally acceptable reason
Divisible contract A contract that is made up of two or more parts, each part being independent of the other.
Created by: Masterkenny12
Popular Law sets

 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!
"Know" box contains:
Time elapsed:
Retries:
restart all cards