Quiz questions Flashcards by Brennan Gordon | Brainscape

Flashcards in Quiz questions Deck (12)

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1

What is the method of terminations that the offeree responds with a willingness to enter into a contract on different terms

Counter-offer

2

What is when there is a withdrawl of an offer prior to acceptance by the offeree

Revocation

3

When happens with a minor and a cellphone plan once they are an adult

Old contract must end and new one created so that the adult will be liable

4

What is statutory assignment?

Must complete their obligation

5

What are the three express terms?

Liberal, literal, or against the party who suggested them

6

What is it called when you make minor changes to a contract

Variation

7

What is novation?

Making large changes to the terms of a contract

8

What is repudiation

Declaring will not perform under the contract.

9

What is rescission?

Parties agree to bring their contract to an end

10

What is implied repudiation?

Continued failure to meet the requirements

11

What is reliance damages?

Compensate the plaintiff for time and money spent in reliance or in preparation.

12

What is it called when one is mistaken about one of the terms of a contract

Unilateral mistake.

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