contract law- rules and theories Flashcards
laws of contract- rules and theories
1
Q
what is an agreement?
A
agreeing to do something, such as buying a car
2
Q
what is the validity of the agreement
A
is there any misrepresentation (vitiating factors)?
3
Q
what are the terms of the contract?
A
terms and obligations on both sides, some of which are specifically stated, others which are implied.
4
Q
what is discharge of contract?
A
examining breaches of contract, non-performance or part performance. are there events outside of the control of parties
5
Q
what is good faith?
A
the expectation that both parties will do what they’ve said that they do
6
Q
A
