Final Exam Study Flashcards
(218 cards)
The law of contract is an agreement that is _____?
Legally binding or at the very least has legal consequences
What are the 7 elements to a contract?
Intention to create a legal relationship.
Offer
Acceptance
Consideration
Capacity
Legality
Consensus ad idem
One party makes an offer to another party
Offer
Thing of value that is the subject matter of the contract
Consideration
I offer to film a video for Jay for $500
Consideration
Person who the promise has been made
Promisee
Person who is making the promise
Benefit given or detriment suffered
Parties presumed capable of creating their rights and obligations
Freedom to contract
Our overarching division of law is called
positive law
We have domestic and _________________ law
public international
What are the two subcategories of domestic law?
Procedural or adjectival law
substantive law
What are the two subcategories of substantive law?
Public and Private law
Tax law is a part of what type of law?
public
constitutional law is a part of what type of law?
Public
criminal law is a part of what type of law?
Public
Contract law is a part of what type of law?
Private
Tort Law is a part of what type of law?
Private law
Property law is a part of what type of law?
Private law
Explain how ‘a law’ and ‘the law’ are different
‘a law’ is a rule of conduct while ‘the law’ is the sum of the total laws
The attempt to make choices based on rationality and consistency
the administration of justice
What does the rule of law describe?
an ordered society
What does the rule of law suggest?
independence from the executive branch of government
One aspect of the rule of law explains the avoidance of retroactive decision-making. What is meant by this?
Not to punish past actions after the fact. To avoid punishing previously legal acts.
Public and private law are the 2 subdivisions of what type of law?
domestic