Class 6-8 Flashcards
1
Q
elements of a valid contract
A
- intention
- offer & acceptance
- mutual consideration
- capacity
- legality
2
Q
what elements make a contract unenforceable?
A
-duress
-undue influence
-mistake
-misrepresentation
3
Q
define intention
A
intention to be bound
-invitation to receive offer
-to create a legal relationship
-presumed that family members do not contract & non-family members do
4
Q
define offer
A
-offer communicated before acceptance
-tentative promise subejct to a condition
