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Legal and Ethics

Contract Laws

WordDefintion/Notes
contract agreement between two or more parties
three parts of a contract offer, acceptance, consideration
implied understood without being verbally expressed
expressed stated in clear terms either orally or written
ex of legal disablities minor, mentally incompetent, unconscious ppl, under influence of drugs that alter mental state
principle employer
agent employee
principles responsibility actions of agent; can be required to compensate injuries by actions of agent
breach of contract leads to legal action
Created by: london12
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