TERM DEFINITIONS Flashcards
A legally binding agreement defining terms and obligations between parties.
Contract
A written, legally binding contract requiring formalities like a witness or seal
Formal Contract
An enforceable agreement without specific legal formalities.
Informal Contract
A contract with clearly stated terms, either verbally or in writing.
Express Contract
Rules set by authorities to maintain order and enforce justice.
Law
A contract formed by actions or circumstances, not explicitly stated.
Implied Contract
An unenforceable agreement involving unlawful acts or violating public policy.
Illegal Contract
An unenforceable agreement due to illegal terms or lack of capacity.
Void Contract
Moral principles believed to be set by a higher power.
Divine Law
Laws overseeing government agencies and their compliance with regulations.
Administrative Law
Rules created by people, usually through governments, to regulate behavior.
Human Law
Governs relationships between individuals and the state.
Public Law
Governs relationships between individuals without direct government involvement.
Private Law
A law-protected entitlement allowing specific actions or benefits.
Legal Right
Laws upholding a country’s constitutional principles and individual rights.
Constitutional Law
A person who testifies in a legal proceeding.
Witness