Ree final certification Study guides, Class notes & Summaries

Meeting of the minds - people agree on a price but there is nothing yet in writing Elements of a Contract - Offer and Acceptance, Consideration, Capacity of the Parties, Must be for a Lawful Purpose, Must be in Writing Consideration - Legal Detriment/Benefit (not a valid contract unless there is consideration, amount doesn't matter) Capacity of The Parties - Must be of legal age, must be mentally able or's - person who makes the offer