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
Contracts – Acceptance Introductory Notes
The only person who can accept an offer is the person whom the offeror intended to create a power of acceptance. Must be in response to an
Contract Law Terminology (I through M)
The following is a list of important Contract Law terms (I through M) and their definitions. Illusory Promise: an illusory promise is an expression