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Answer the following questions What are the ways an offer can be terminated? Why do people enter into contracts?What is the purpose of a contract?
Answer the following questions
- What are the ways an offer can be terminated?
- Why do people enter into contracts?What is the purpose of a contract?
- (a) What are some of the ways someone might lack legal capacity to enter into a contract? (b) What are the consequences if someone lacking legal capacity enters into a contract?
- (a) What kinds of contracts are governed by common law? (b) What kinds of contract are governed by the UCC? (c) What does "UCC" stand for?
- What categories of contracts are governed by the Statute of Frauds? (Worth 6 points)
- (a) What is the difference between a contract being "void" and being "voidable?" (b) Give an example of each.
- Describe the relationship between "Terms," "Performance," and "Breach."
- What are the Elements required to create the contract?
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Contract Law
Authors: Ewan McKendrick
13th Edition
1352005255, 978-1352005257
