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    Contract Law 1

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    This document discusses key elements of contract law. It defines a contract as an agreement between two or more parties that is enforceable in court. Both parties must agree for a contract to be valid. A contract requires an offer, acceptance, and competent parties. It also discusses elements that must be present for a contract to be valid, whether a contract needs to be in writing, and the basic rule of a contract.

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    Download as PDF, TXT or read online from Scribd

    Contract Law 1

    Uploaded by

    api-614474957
    895 views3 pages
    This document discusses key elements of contract law. It defines a contract as an agreement between two or more parties that is enforceable in court. Both parties must agree for a contract to be valid. A contract requires an offer, acceptance, and competent parties. It also discusses elements that must be present for a contract to be valid, whether a contract needs to be in writing, and the basic rule of a contract.

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    copy of contract law 1

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    This document discusses key elements of contract law. It defines a contract as an agreement between two or more parties that is enforceable in court. Both parties must agree for a contract to be valid. A contract requires an offer, acceptance, and competent parties. It also discusses elements that must be present for a contract to be valid, whether a contract needs to be in writing, and the basic rule of a contract.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    895 views3 pages

    Contract Law 1

    Uploaded by

    api-614474957
    This document discusses key elements of contract law. It defines a contract as an agreement between two or more parties that is enforceable in court. Both parties must agree for a contract to be valid. A contract requires an offer, acceptance, and competent parties. It also discusses elements that must be present for a contract to be valid, whether a contract needs to be in writing, and the basic rule of a contract.

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    © All Rights Reserved
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    Download as pdf or txt
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    Contract Law

    A contract is an agreement between two or more parties that is enforceable in court. Both
    parties must agree in order for the contract to be valid. A contract must have an offer,
    acceptance and must be competent people. CLICK HERE to access more information about
    contracts. Use the web page to answer the following questions….

    What are two elements that must be present - Something of value must be exchanged
    to make a contract valid? - All parties must agree

    Must a contract be in writing? Explain... - In certain states for real estate or


    agreements that will last more than 1 year

    What is the most basic rule to a contract? - a legal contract exists when one party
    makes an offer and the other party
    accepts it.

    CLICK HERE to read about Walgreens VS - Theranos Inc. by lying about their
    technology
    Theranos Contract dispute. What party
    breached the contract and how?

    Denise Leigh Queen of the Classroom


    Capacity #1 Mental Capacity
    EXPLORE - Someone who doesn't have mental capacity can either
    CLICK HERE to access a link about void a contract or have a guardian void it with the
    capacity and who can enter into a valid exception of contracts for necessities
    contract. This link refers to three types Capacity #2 Alcohol and Drugs
    of contract capacity. List them and - Those who are intoxicated by alcohol or drugs aren't
    explain them. considered to lack capacity to enter into a contract
    Capacity#3 Minors
    A minor who signs a contract can void it or honor the deal,
    aside from a couple exceptions

    John can void the contract because he is a minor and the cell
    ACCESS phone plan is not a necessity
    John, age 15, went to the Verizon Store
    to purchase a cell phone and signed a
    contract for $29 a month for service.
    His mother was not happy. What can his
    mother do to remedy the situation?

    Joan can return the car because she was too inebriated to
    EVALUATE make a decision of sound mind and can void the contract.
    Joan, age 23, just got her wisdom teeth
    out two days before buying a car. She
    was unable to drive to the dealership
    due to her pain medicine so her brother
    drove her. The brother commented to
    the car salesman her slurred speech
    due to her meds. Four days after

    Denise Leigh Queen of the Classroom


    buying her new SUV, she decided that
    she couldn't even park the vehicle
    because it was so large. Can Joan
    return the car? Explain

    Denise Leigh Queen of the Classroom

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