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Contract Fundamentals
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Published on Apr 17, 2017
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1.
Contract Law Fundamentals
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NobMouse
2.
Some Hypotheticals
Sue Seller lists her property for $500,000.
Bill Buyer, on the telephone, says "I'll buy it for $500,000"
3.
Some Hypotheticals
Sue Seller lists her property for $500,000
Bill Buyer, in writing, states he'll buy it for $480,000
4.
Some Hypotheticals
Sue Seller lists property for $500,000
Bill Buyer accepts in writing, but orally tells Sue that the purchase must include the horses
Closing occurs but Sue takes horses with her
5.
Elements of a Contract
Offer
Acceptance
Mutual Assent
Consideration
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chrismear
6.
Offers
Promise
Revocation
Advertisements
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mark sebastian
7.
Acceptance
Express intent
Manner of acceptance
Communication of acceptance
Counteroffers
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jordigraells
8.
Mutual Assent
Meeting of the Minds
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MDMA.
9.
Consideration
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rafael-castillo
10.
Capacity to Enter Contracts
Minor children
Business entities
Mentally incompetent
Statutory incapacity
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Vince Alongi
11.
Contract Problems
Fraud
Misrepresentation
Mistake
Duress
Unconcionability
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/*dave*/
12.
Oral Contacts
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moriza
13.
Statute of Frauds
Sale of real estate
Prenuptial agreements
Broker agreements
Leases for more than a year
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smoorenburg
14.
Parol Evidence
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F. Jourde
15.
Conditions & Contigencies
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tantek
16.
Damages
Monetary
Specific performance
Recission
Reformation
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martinluff
17.
Statute of Limitations
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limaoscarjuliet
18.
Implied Contract Terms
Good faith
Reasonable time frames
Workmanlike quality
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RLHyde
19.
Defenses to Breach of Contract
Acts of god
Illegal
War
Death
Strikes
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Waiting For The Word
20.
Certain Contracts Are Invalid
Evasion of taxes
Criminal acts
Usury
Contracts promoting divorce
Before 1916 - contracts requiring execution on Sundays
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Rubén Díaz Alonso
Kevin Harker
Haiku Deck Pro User
http://www.calaw.attorney
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