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3 cards from this section. Quick, good the night before a test.
What is an offer in contract law?
Think about what you do when trying to sell something.
Define 'consideration' in a contract.
What do both parties gain from the contract?
What is the definition of an offer?
Think about what you would do when proposing something.
True or False: A contract without consideration is enforceable.
Remember the value exchanged requirement.
John promises to give Mary his car if she cleans his house. Mary cleans the house, but John refuses to hand over the car. Is there a valid contract?
Consider the exchange of value in this scenario.
Sarah signed a contract without understanding the terms due to coercion from her employer. What type of contract does this represent, and what can Sarah do?
Recall the definition of consent and its defects.
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