Binding Contract Flashcards

1
Q

Two things needed

A

For a concluded/binding contract, you need two things: agreement and enforceability.

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2
Q

Four things to not be there

A

You also need four things to not be there: mistake, misrepresentation, duress/undue influence, and illegality.

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3
Q

For agreement you need

A

For agreement you need offer and acceptance.

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4
Q

For enforceability you need

A

For enforceability you need mutual agreement, consent, consideration, legality, and capacity.

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