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Explain what is meant by the term capacity and the conditions in which a person might be held to lack legal capacity to enter into

  1. Explain what is meant by the term capacity and the conditions in which a person might be held to lack legal capacity to enter into a contract.
  2. Is a gift considered valid consideration in a contract? Why or why not?
  3. Explain the difference between a bilateral contract and a unilateral contract; give an example in the sport context.
  4. Explain the Statute of Frauds and provide a hypothetical example in the sport context.
  5. Describe several key issues that arise when a college coach's contract is breached.
  6. What is the purpose and function of a waiver? Is it "worth the paper it is written on"? Why or why not?
  7. Provide a hypothetical example of how the remedy of specific performance might apply in the sport context.

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