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 (0)
Remaining cards (0)
Know (0)
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

Bus Law 2.01

Understanding elements and characteristics of a contract

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 a written offer for goods that states the period of time during which the offer will stay open
Forbearance
Fraudulent Misrepresentation
Genuine Agreement
Illusory Promises
Implied
Insanity offeror is declared insane
Legality
Mentally Incapacitated
Mirror Image Rule Terms of the acceptance must match exactly (mirror) the terms of the offer
Mutual Mistake
Nominal Consideration
Offer a proposal by one party to another with intent to create a legal binding agreement
Offeree offer made to this person
Offeror makes the offer
Option the offeree gives the offeror something of value in return for a promise to keep the offer open for a set period of time
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
Void Contract
Voidable Contract
Written
Created by: 9306999
 

 



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