Shared Flashcard Set

Details

test 1
test 1/3
9
Law
Undergraduate 2
02/21/2009

Additional Law Flashcards

 


 

Cards

Term
contract
Definition
binding agreement based on the genuine assent of the parties made for a lawful object between competent parties in the form required by law and generally supported by consideration
Term
recognizance
Definition
obligation entered into before a court to do some act, such as to appear at a later date for a hearing
Term
express contract
Definition
agreement spoken by words
Term
implied contract
Definition
contract expressed by conduct or implied or deduced from the facts
Term
bilateral contract
Definition
agreement for an agreement
Term
unilateral contract
Definition
contract to hold an offer to make a contract open for a fixed period of time
Term
right to first refusal
Definition
right of a party to meet the terms of a proposed contract before it is executed, like a real estate purchase agreement
Term
quasi contract
Definition
court imposed obligation to prevent unjust enrichment in absence of a contract
Term
quantum meruit
Definition
measure of damages--> no profit, no overhead
Supporting users have an ad free experience!