Clemson Law 3220 Exam 3 Latest Update Graded A Contracts ✔✔form legal relationships and duties meet meet legal requi rements promise creates a "manifestation of intent" Completion of contracts ✔✔assignment delegation third -party beneficiary performance breach impossibility agreement (rescission, novation, accord and satisfaction) Elements of Contracts ✔✔agreement consi deration capacity legality consent writing (if necessary) Express contract ✔✔A contract in which the terms of the agreement are fully and explicitly stated in words, oral or written. Implied contract ✔✔A contract that comes about simply from actions of the parties. Minors and contracts ✔✔May void contract if under legal age of majority Have partial capacity Pay restitution of benefits Capacity ✔✔legal ability to enter into a contract Promissory Estoppel ✔✔A doctrine that applies when a promisor makes a clear and definite promise on which the promisee justifiably relies; such a promise is binding if justice will be better served by the enforcement of the promise.
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