Acceptance Parties who can accept a contract: Person to whom the offer is made That person must be aware of the offer when she
Contracts – Offer/Acceptance Pt. 2
Terminating Offer Offer could be revoked by: words, writing, acts, death, destruction Communication of revocation Could be
Contracts – Offer/Acceptance Pt. 1
Parties need to agree on having a promise and having it legally enforceable. Meeting of the Minds Every contract must have
Contracts – Consideration Pt. 3
Promisory Estopel Remedy granted for the breach as justice requires. Promise is enforceable without consideration Ex. Charitable
Contracts – Consideration Pt. 2
Need consideration for a contract Consideration needs to demonstrate a willingness to enter a contract Ex. In consideration of my doing "this"
Contracts – Consideration Pt. 1
Consideration Summary A contract needs to be supported by consideration to be enforceable. Have consideration if: Detriment - promisee gives