Chapter 11: The Agreement Flashcards
1
Q
Agreement
A
a reasonably definite understanding between two or more persons. Has two parts the offer and the acceptance.
2
Q
Consensual
A
the liability or obligation resulting from the making of a contract. The usual view taken by the law today is that if two or more presons, expressly or by implication, have reached a reasonably clear agreement as to what each party is to do then that agreement shall be enforceable by the courts.
