Contracts Flashcards
1
Q
advertisements
A
not an offer only invite to trade
2
Q
consideration to form a contract
A
must be legally sufficient(legal value and bargained for)
3
Q
offer upon death
A
unless irrevocable, terminates upon death of offereor
4
Q
modification for contract for services
A
must have addtl consideration
5
Q
Parole evidence rule
A
prohibits testimony about agreements that existed before a contract was signed, after it was signed is admissable
6
Q
fraud in indcuement
A
makes contract voidable
7
Q
exception to one year rule for statute of frauds
A
full performance
8
Q
oral modification of contract under $500
A
is OK
