Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


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.
We do not share your email address with others. It is only used to allow you to reset your password. For details read 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
share
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

Ch2-1 Contract law

Chapter 2-1: Contract Law and the Formation of Contracts

TermDefinition
Contract law comprises both... common law and statutory law.
Elements for a valid contract Competent parties; mutual assent; consideration; legality of purpose (lawful object).
Contracts involving real estate must... be in writing; and contain adequate description of the property involved.
Incompetent party Unaware that a contract was being entered into; they were unable to clearly understand its terms and implications.
Consideration Something of value provided by one person in exchange for something of value from another person.
Legality of purpose The purpose or object of the contract is legal and enforceable.
A rental of one year or less... Doesn't have to be in writing.
Express contracts Contain an offer, consideration, & acceptance. All of them are written.
Implied contracts Deduced from the actions of the parties.
Unilateral contract Only one party makes a promise without receiving any promise from the other party.
Bilateral contract Mutual promises; both parties agree to give, do, or not do something for the other party.
Executory Contract that hasn't been fully executed/performed.
Created by: userjoe
 

 



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