contracts test #1 review chapters 7-9 gary nelson
TRANSCRIPT
Offers
• What are the requirements for an offer?
• When is an offer effective?• When does an offer end?
Acceptance
• What constitutes acceptance?• How long does the offeree have to
accept the offer?• What are the rules for when an
acceptance is effective?
Fraud
• What are the requirements for fraud?• What is a material fact?• What is the effect of fraud?• What special type of damage award
is available for fraud?
Undue Influence
• What constitutes undue influence?• What is the effect of undue influence
on the contract?
Unilateral Mistake
• What is a unilateral mistake?• What kinds of mistakes are
considered unilateral?• What is the effect of a unilateral
mistake?
Mutual Mistake
• What is another name for mutual mistake?
• What is a mutual mistake?• What kinds of mistakes are
considered mutual?• What is the effect of a mutual
mistake?
Minority 1
• What is minority?• What is the difference between
minority and infancy?• What is the effect of minority on
contracts?
Minority 2
• Who may guarantee a minor’s contract?
• What is the effect of a minor’s claim to be over the age of minority?
Necessaries
• What are necessaries?• To what extent is a minor liable for
contracts for necessaries?
Disaffirmance
• What must a minor due to disaffirm a contract?
• How long does a minor have to disaffirm a contract?
• May a minor disaffirm a part of a contract?
Ratification
• What acts constitute ratification of a contract entered into in minority?
• What is the effect of ratification?