Busy. Please wait.

show password
Forgot Password?

Don't have an account?  Sign up 

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.
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.

Remove Ads
Don't know
remaining cards
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
restart all cards

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

LGLA1351-Chapter 1

Basic Contract Law for Paralegals

manifestation of assent to the offer proposed. Acceptance
a contract in which a promise is exchanged for a promise. Bilateral Contract
the bargain of the contract; a benefit conferred or detriment incurred at the request of the other party. Consideration
a legally enforceable agreement between two or more parties in which each agrees to give and receive something of legal value. Contract
the legal ability of a person to enter into a contractual relationship. Contractual Capacity
the branch of the law that deals with fairness and mercy to prevent unjust enrichment. Equity
a contract that is complete and final with respect to all of its terms and conditions. Executed Contract
a contract in which one or both of the parties still have obligations to perform. Executory Contract
a contract manifested in words, oral or written. Express Contract
historically, a written contract under seal; currently, any contract so designed by a state statute. Formal Contract
a contract in which the promises of the parties are inferred from their actions as opposed to specific words. Implied-in-fact Contract
see Quasi-contract. Implied-in-law Contract
an non-formal contract. Informal Contract
agreeing to the same terms at the same time; the offer and acceptance combined. Mutual Assent
a proposal by one party to another manifesting an intent to enter into a valid contract. Offer
a legal relationship that the courts, in the interest of fairness and equity, treat in a manner similar to a contractual relationship, even though no contract exists. Quasi-contract
a contract that is otherwise valid but for a breach of which there is no remedy at law. Unenforceable Contract
a contract in which a promise is exchanged for an act. Unilateral Contract
an agreement that meets all six contractual requirements. Valid Contract
a situation in which the parties have attempted to create a contract, but in which one or more of the requisite elements are missing, so no contract exists. Void Contract
a contract that one party may avoid at his option without being in breach of contract. Voidable Contract
Created by: dawnbryant