Contract law graphic organizer

  • What are the 4 elements of a contract?

    The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.
    In some states, elements of consideration can be satisfied by a valid substitute..

  • What are the 5 elements of a contract?

    Lesson Summary.
    A contract is a legal agreement between two or more parties in which they agree to each other's rights and responsibilities.
    Offer, acceptance, awareness, consideration, and capacity are the five elements of an enforceable contract..

  • What is the structure of a contract in law?

    A commercial contract follows a typical structure starting with the parties to the contract who are the people entering into the agreement.
    This is usually followed by the recitals which provide some background to the agreement..

  • Contract terms are the different provisions in a contract.
    Simply put, a contract comprises different provisions or terms that give the contracting parties rights and responsibilities.
    Contract terms create an obligation on one or all the parties; when a party doesn't comply with a term, there is a breach of contract.
$5.00Description. This file includes note guides for six chapters in a high school Business Law class covering the "Contracts" unit. I made these guides to accompany 

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