Written Contracts When a contract needs to be in writing, it needs to (Common, not UCC): Identify parties involved. State main
Contracts – Duress
Duress Wrongful or improper threat. "Contract" signed under duress is not a contract. ex. Threatened at gunpoint. ex. Will prosecute you
Misrepresentation
Fraudulent Misrepresentation An intentional misrepresentation of facts can make a contract VOIDABLE. Lies = Voidable Ex. Mark knew the
Forming a Contract
Contract needs to be definite in order for courts to enforce the contract. In order to be definite, the contract needs to have certain essential
Contracts – Offer/Acceptance Pt. 3
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