Question
Explain the following terms: Agreement formal contracts contract of record unenforceable void enforceable intention to create legal relations offer acceptance objective test offeror offeree invitation
Explain the following terms:
Agreement
formal contracts
contract of record
unenforceable
void
enforceable
intention to create legal relations
offer
acceptance
objective test
offeror
offeree
invitation to treat
counter offer
conditional contracts
communication of acceptance
confilict of interest
termination of offer
consideration
adequacy of consideration
capacity
injunction
specific performance
quantum meruit
necessaries
beneficial services
non est factum
mistake
mutual mistake
misrepresentation
fraudulent misrepresentation
rescission
duress
undue influence
conditions and warranties
option
implied terms
breach of contract
repudiation of contract
doctrine of frustration
causation
mitigation of loss
liquidated damages
record keeping (how long are files kept and how/when are they returned to client).
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