Rule of laws Flashcards
1
Q
What is a Contract?
A
A legally binding agreement.
2
Q
What are the elements of a contract?
A
- Promise
- Consideration
- Mutual assent
3
Q
“Expectation damages”
A
3
Q
Expectation measure damage rule
A
4
Q
Objective theory [contract]
A
an agreement between two parties exists if a reasonable person could judge the acts and behaviors of the parties enough to objectively construe agreement.
