Checklist For Contracts Flashcards
Each _ need to be identified in contracts
Party
If dealing with corporate entity, need to make sure _ stated in contract
Complete name of corporation
_ must be stated in contract
Consideration
You may include _ clause in contract
Time of the essence
You would include survival which means if one passes away before performance complete, obligations placed on (2)
Estate
Heirs
_ is good to state in contracts which means any modifications of contract must be in writing and must be signed by each party
Modification
A waiver is also_
Good
In a waiver, one party gives up known right or claim in order to not _
Pursue legal action
Usually if you have one provision that is found to be illegal in contract _
Could invalidate entire contract
If you have one provision that happens to be illegal or unenforceable but don’t want to risk invalidating your contract, use _ clause
Severability
Assignment of a contract means you are selling your _ to another party
Rights under the contract
You may assign, aka _ what you agreed to buy to another party unless contract says assignment isn’t allowed
Sell
With assignment, you are selling the _ not the car
Contract
Integration states parties have agreed and no _ is allowed
Outside evidence (stuff that can be added after the fact)
Integration: there are no oral/written representations, _ or _ other than what is in written contract
Warranties
Agreements
