Please enable JavaScript.
Coggle requires JavaScript to display documents.
Contract, elements, not an offer, when terminated offer - Coggle Diagram
Contract
elements
agreement
The agreement
offer
acceptance
consideration
value exchanged
types?
benefit to promise
detrimentation the promise
promise to do something
promise refrain from doing something
lack of consideration
exceptions to consideration
promissory estoppel
1 party promise 2nd rely on it
other party does not rely on promise
way to avoid justice to enforce the promise
can provide a remedy where on the (IDK)
contracts under seal
rarely used USA contract are preprinted seal
presumed without evidence with contrary to adopting seal of contract
legal objection
Capacity
Why?
source of obligation
outline rights and duties
employment relationship
classifications
Bilateral or unilateral
Promise of exchange ask for action not promise
express or implement
arise not to from words but from parties
Quasi - contract
prevent someone from being unjustly enriched at the expense of others
ex : drive way constructers
legal principle
recovery from it
(valid, void, voidable and unenforced)
Executed Vs executory
all terms must be fully performed
some have not performed
promise gives remedy or performance
Formal Vs informal
elements
intent
definite and certain
communication of offer
not an offer
preliminary negotiation
advertisement (IDK)
auctions
when terminated offer
revocation by the offer
rejection
death of the incapacity