Binding Contract Flashcards
1
Q
Two things needed
A
For a concluded/binding contract, you need two things: agreement and enforceability.
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.
3
Q
For agreement you need
A
For agreement you need offer and acceptance.
4
Q
For enforceability you need
A
For enforceability you need mutual agreement, consent, consideration, legality, and capacity.
