Chapter 5 Flashcards

Intro to Contracts (5 cards)

1
Q

An agreement between two or more parties that is enforceable in a court of law.

A

Contract

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2
Q

Is a contract enforceable by law?

A

YES

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3
Q

What are the six elements of a contract?

A

Agreement
Complete
Deliberate
Voluntary
Copentence
Mutual Consideration

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4
Q

Do all contracts have to be in writing

A

No, but writning is preferable

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5
Q
A
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