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The Law of Contract - Chapter 10 - The Requirement of Form, Writing and Writing

5 Pages

Administrative Studies
Course Code
ADMS 2610
Sam Ling

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Lecture 2The Law of Contract ADMS 2610Ling Part 3Chapter 10The Requirements of Form Writing and WritingOverviewFormal and simple contractsThe statute of frauds o Executors and administratorso Guarantees o Contracts concerning and interest in landRequirements for the Written Memomust contain essential terms of the agreement Parol evidencegeneral rule that oral evidence may not contradict written terms unless o Condition precedento Implied termso Collateral agreementso Subsequent agreementsReduction to writingagreements to agree Sale of goods actFormal and Simple ContractsTwo general classes of contracts o Formal derives its validity from its formNot common o Informal simple most commonImplied OralWrittenPower of attorney o A legal document usually signed under seal in which a person appoints another to act as his or her attorney to carry out the contractual or legal acts specified in the documento Example of a formal contractStatute of Frauds
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