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Bus Law 2.01 terms

Understand elements and characteristics of contract law

TermDefinition
Acceptance
Benefits
Bilateral
Capacity
Consideration
Counteroffer Any change in the terms of the offer
Death Offeror dies
Detriments
Duress
Economic Duress
Emancipation
Express
Firm Offer
Forbearance
Fraudulent Misrepresentation
Genuine Agreement
Illusory Promises
Implied
Insanity Offeror is declared insane
Legailty
Mentally Incapacitated
Mirror Image Rule
Mutual Mistake
Nominal Consideration
Offer
Offeree Offer made to this person
Offeror Makes the offer
Option
Oral
Past Performance
Price Fixing
Rejection Refusal by the offeree
Restrictive Covenant
Revocation Taking back of an offer by offeror
Statute of Frauds
Unconscionable
Undue Influence
Unenforceable Contract
Unilateral
Unilateral Mistake
Usury
Valid Contract
Valid contract
Void Contract
Voidable Contract
Written
Created by: Chris4king
Popular Business sets

 

 



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