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How Contract Arise

How Contract Arise. Chapter 5. Contractual Chaos. Cast Mr. Benes Viktor Alena Emil. Contracts. Section 5.1. What You’ll Learn. Explain the elements of legal contracts How to identify valid, void, voidable and unenforceable contracts

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How Contract Arise

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  1. How Contract Arise Chapter 5

  2. Contractual Chaos • Cast • Mr. Benes • Viktor • Alena • Emil

  3. Contracts Section 5.1

  4. What You’ll Learn • Explain the elements of legal contracts • How to identify valid, void, voidable and unenforceable contracts • How to distinguish between express and implied contracts • How to identify unilateral and bilateral contracts • How to distinguish between oral and written contracts

  5. Contract Offer/acceptance Genuine agreement Capacity Consideration legality Void/voidable contract Unenforceable contract Express/implied contract Bilateral/unilateral contract Legal Terms

  6. Understanding Contract Law

  7. The Nature of a Contract

  8. Theories of Contract Law

  9. Elements of a Contract • Offer • Acceptance • Genuine Agreement • Consideration • Capacity • Legality

  10. Characteristics of a Contract • Valid, void, voidable or unenforceable • Expressed or implied • Bilateral or unilateral • Oral or written

  11. Section 5.1 Assessment • Reviewing what you learned • Critically Thinking Activity • Legal Skills in Action • Elements of a Contract

  12. Offer and Acceptance Section 5.2

  13. What You’ll Learn • How to recognize the requirement of an offer • How to distinguish between an offer and an invitation to negotiate • How to recognize the requirements of an acceptance • How to distinguish between an acceptance and a counter offer • How to recognize when an offer has terminated.

  14. Legal Terms • Invitations to negotiate • Mirror image rule • Counteroffer • Revocation • Rejection

  15. Requirements of an Offer • Basic requirements • Made seriously • Definite and certain • Communicated to the offeree

  16. Serious Intent

  17. Definiteness and Certainty

  18. Communication to Offeree

  19. Requirement of Acceptance • Requirements must be met • The acceptance must be unconditional • Must follow the rules regarding the method of acceptance

  20. Unconditional Acceptance

  21. Method of Acceptance

  22. Termination of an Offer • Revocation • Rejection • Counteroffer • Expiration of Time • Death or Insanity

  23. Section 5.2 Assessment • Reviewing what you learned • Critical Thinking Activity • Legal Skill in Action

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