Contract Law for Paralegals Final Exam with
Complete Solutions Already Passed
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (315)
Six Elements of a Valid Contract * Offer
* Acceptance
* Consideration
* Legal
* Capacity
* Intent
All contracts are either Bilateral or unilateral
Bilateral contract a promise for a promise
, Unilateral contract is: a promise for an act
Express contract is: K where mutual assent of parties is verbal or written
Implied contract K established based on conduct of parties
Quasi contract No K, but courts act as matter of equity to prevent
injustice
formal contract K written/signed under seal (e.g. checks, and CODs)
Informal contracts Non-formal K satisfying six elements of valid K and
whose form is not regulated by statute
Executory contract K where at least one party must provide
performance
executed contract K satisfied
Valid contract Enforceable K meeting all elements
Complete Solutions Already Passed
Play your way to mastery with fun games
Match Blocks Charms NEW
Terms in this set (315)
Six Elements of a Valid Contract * Offer
* Acceptance
* Consideration
* Legal
* Capacity
* Intent
All contracts are either Bilateral or unilateral
Bilateral contract a promise for a promise
, Unilateral contract is: a promise for an act
Express contract is: K where mutual assent of parties is verbal or written
Implied contract K established based on conduct of parties
Quasi contract No K, but courts act as matter of equity to prevent
injustice
formal contract K written/signed under seal (e.g. checks, and CODs)
Informal contracts Non-formal K satisfying six elements of valid K and
whose form is not regulated by statute
Executory contract K where at least one party must provide
performance
executed contract K satisfied
Valid contract Enforceable K meeting all elements
