Elements of a Contract
Introduction to Contract Law
a data set by catina.cain
created September 28, 2016
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|Elements of a Contract||Definition|
|Offer||Proposal by one party to another with intent to create a legal binding agreement|
|Acceptance||Unqualified willingness by the offeree to go along with the offer|
|Genuine Agreement/Assent||A valid offer has been made by the offeror, and a valid acceptance has been exercised by the offeree|
|Consideration||Exchange of benefits and detriments by the parties to an agreements|
|Capacity||Legal ability to enter into a contract|