Chapter 10 PT 2

Question 1

Terms are –

Answer 1

1) The stipulations that the parties include in their contract.

2) The provisions included in the operation of law are included in contracts.

Question 2

Essentialia

Answer 2

1) Refers to the essential or fundamental elements crucial for forming and maintaining a contract.

2) These elements are considered necessary for the contract to be valid and enforceable.

3) These elements are typically explicitly agreed upon by the parties involved and are
fundamental to the very nature of the contract.

Question 3

Example of Essentialia

Answer 3

1) In a sale contract, the essentialia would include the parties involved, the
price of the item being sold, the description of the item.