LAW 610 Chapter Notes - Chapter 12: Quasi-Contract, Contract, Option Contract
Document Summary
Chapter 12 nature and classes of contracts: contracting on the internet. Explain the meaning and importance of privity of a contract. Describe the way in which a contract arises. Explain how internet contracts involve the same types of issues as offline contracts. A binding agreement based on the genuine assent of the parties, made for a lawful object, between competent parties, in the form required by law, and generally supported by consideration. A promise or a set of promises for the breach of which the law gives a remedy, or the performance of which the law in some way recognizes as a duty. Elements of a contract: an agreement, between competent parties, based on the genuine assent of the parties that is. 4. supported by consideration: made for a lawful objective, and in the form required by law. Could be performance of personal services or provide for ownership transfer of property. Promise person to whom promise was made.
