English Terms Flashcards by Kimy Malaya | Brainscape

Q

Exchange for value

A

Onerous

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Q

Give as donation

A

Gratuitous

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Q

Payment for service (saving life)

A

Remuneratory

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Q

All requisites present but damage done

A

Rescissible

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Q

Defective bc of incapacity of those consented

A

Voidable

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Q

Cant enforce unless ratified

A

Unenforceable

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Q

No effect from beginning

A

Void

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Q

Parties may estabish stipulations

A

Liberty of contract

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Q

Contract only bet parties and heirs unless thats not transmissible

A

Relativity of contracts

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Q

Consent of both needed to perfect

A

Consensuality of contract

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Q

Perfected by mere consent

A

Consensual contract

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Q

Perfected by delivery

A

Real contract

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Q

Form to perfect provided by law

A

Formal contract

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Q

Parties receive equivalent values

A

Commutative contract

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Q

Depends on chance

A

Aleatory

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Q

Must bind both parties

A

Mutuality of contract