BUS204 CHAPTERS 10,11,12 & 13
CONTRACT LAW - CAPACITY, CONSIDERATION, LEGALITY, WRITING
NAME: ___________________________ SECTION: BU01___
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Clues
- Right to attack minor's claim of right to rescind contract
- Party can't deny a promise was made
- Also known as part performance
- Requires contracts for sale of goods of $500 or more to be in writing
- Minor no longer under control of parents
- Protects rights to books and paintings
- Legal ability to enter into a contract
- Says e-contracts are as legitimate as ink contracts
- Rule that permits copying without violating copyright
- Accepting less than the debtor was billed
- Says you are not liable for loss or injury even if you caused it
- Courts accept only original of a document as evidence
- Ridiculously inadequate consideration shocks court's conscience
- Agreed to settlement of an accord
- Forbids doing anything that injures public at large
- Goods essential to a minor's health and welfare
- Refraining from doing something you have the legal right to do
- Minor can get out of contract before reaching majority
- Charging more than the legal interest rate
- State enacted law similar in effect to E-Sign Act
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