Words Flashcards
Statute
A written law passed by a legislative body.
Legislation or statute
Laws, considered collectively.
Law made by government.
Contract
Agreement which legally binds the parties. Contract is outcome of “consenting minds”.
Offer
Definite promise to be bound on specific terms. By nature it cannot be vague.
Invitation to treat
ITT
An indication that someone is ready to accept offers with a view to a contract.
Codified (civil) law system
Comprehensive and certainty. Like a list of rules.
Acceptance
A positive act by a person to whom an offer has been made. If unconditional, the act creates a binding contract.
Counter offer
Acceptance of offer which introduces new terms.
Negligence
- Something carried out carelessly.
2. When duty of care owed to someone is broken.
Tort
A civil wrong.
you sue in a civil court