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BUSINESS HIGH SCHOOL-BUSINESS AND PERSONAL LAW

Bankruptcy. Elements of a Legal Contract. Discharges. Entering Into Contracts Unit 2. Distinguish Between Kinds of Contracts. BUSINESS HIGH SCHOOL-BUSINESS AND PERSONAL LAW. Satisfactory and Substantial Performance. Requirements of an Acceptance. Requirements of an Offer.

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BUSINESS HIGH SCHOOL-BUSINESS AND PERSONAL LAW

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  1. Bankruptcy Elements of a Legal Contract Discharges Entering Into Contracts Unit 2 Distinguish Between Kinds of Contracts BUSINESSHIGH SCHOOL-BUSINESS AND PERSONAL LAW Satisfactory and Substantial Performance Requirements of an Acceptance Requirements of an Offer Content Vocabulary: Contract Invitations to negotiate Tender Offer/Acceptance Mirror image rule Legal tender Genuine agreement Counteroffer Mutual release Capacity Revocation Accord and satisfaction Consideration Rejection Impossibility of Performance Legality Discharged Operation of law Void/voidable contract Performance Statute of limitations Unenforceable contract Complete performance Bankruptcy laws Express/implied contract Reasonable time Bilateral/unilateral contract Substantial performance Essential Learning Expectations: CCTE E.79 Explain how offer and acceptance can create contractual rights and duties. CCTE E.80 Define and distinguish between different types of consideration and list the expectation to the requirements of consideration. CCTE E.81 Explain a minor’s rights to avoid a contract. CCTE E. 82 Identify categories of people who lack contractual capacity? CCTE. E.85 List the ways a contract can be discharged. CCTE. E.86 Describe the breach of contract andtheremedies available when a contract is breached.

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