Vocab Flashcards
Minor is no longer under the legal control of his or her parents
Emancipated
A contract means to show the intent not to live up to the contract
Disaffirm
The principle that a promise made without consideration may not unless enforced to prevent injustice
Promissory estoppel
Something taken for granted or excepted as true without proof
Assumption
Disturbing dealing out and portions
Dispensing
A state law that requires that certain contract to be in writing
Statute of frauds
The exchange of benefits and detriments by the parties to a contract
Consideration
And agreement in which the iteration is so out of line with the actual value of the subject matter and so unfair that is Shofestall quoits conscience
Unconscience contract
Not doing when you have the right to do
Forbearance
A legal way to settle claim check Shorewood dispute by which one party agrees to except listed the amount due as full payment
Accord and satisfaction
A person who has not yet reached the age of adulthood
Minor
Age 18 in most states
Majority
Legal principle that holds that nobody should be allowed to do something that harms the public
Public policy
A take it or leave it offer made by a party who holds most of the power in the bargaining session
Adhesion contract
The legal ability to enter a contract
Capacity
The act of agreeing to go along with a contract that could have been avoided
Ratification
