Blaw 201 (BLAW201)

Voidable Contract - correct answers contract starts out being valid, then some rule of law makes one or both of the parties able to get out of the contract. Void Contract - correct answers means it is simply not a contract - a "Null" - a contradiction in terms -> "void contracts" because it's not a contract. Illegal contracts are void contracts. Unenforceable Contracts - correct answers contract starts out valid, but a rule of law makes it not able to be enforced in court. Incapabl...

BILATERAL CONTRACT - correct answers agreement under which one promise is given in exchange for another CONTRACT - correct answers a binding agreement based on the genuine assert of the parties made for a lawful object, between competent parties in the form required by law, and generally supported by consideration CONTRACT UNDER SEAL - correct answers contract executed by affixing a seal or making an impression on the paper or on some adhering substance such as wax attached to the document...

The reasonable man theory - correct answers what should a reasonable person do? Plaintiff - correct answers person who sues Defendant - correct answers defending the crime negligence - correct answers lack of ordinary care under the circumstances Adjectives modifying a contract - correct answers Valid, Voidable, Void, Unenforceable Valid - correct answers when everything in a contract is there Voidable - correct answers some rule or law that allows parties to get out or dissafi...

Executed Contract - correct answers Contract that has been fully performed by both parties Executory Contract - correct answers Either party still has something to do to complete the contract Valid - correct answers Contract which is binding and enforceable Voidable - correct answers Contract is able to be cancelled under certain circumstances by law Void - correct answers Agreement that was never enforceable from the beginning (ex. party was legally mentally incapacitated) Bilate...

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