Nick's business law stuff

yeah exactly what it says

11 cards·by crayonwarrior

Mutual Manifestation of Assent, Consideration, Capacity, and Legality

Requirements for a valid contract

Two primary defenses to a contract

lack of reality of consent, non-compliance with formalities

Types of contracts

Bilateral, unilateral, express contract, implied in law

An implied in law contract is also known as a

quasi-contract

A contract that is enforceable by all parites

Valid contract

A contract that is not enforceable by any parties. It is as if the contract was never made.

Void contract

A contract that may be voided one or more parties

Voidable contract

The four requirements for a valid contract are met, but the contract is not binding because of a statute.

Unenforceable contract

When both parties perform their expected duties in a contract

Executed contract

When part of the performance under a contract is not complete/is lacking

Executory contract

Objective nature, rules of construction, plain meaning rule, entire writing rule, meaning of words in a contract

Rules of interpretation