BLS 342 Lecture Notes - Lecture 10: Appurtenance, Quitclaim Deed, Nuisance
7 Sep 2016
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Communicated from the offeror to the offeree, containing all material terms and conveys the intent to be bound by the offer: acceptance. Committed from the offeree to the offeror with the intent to be bound: consideration. What is exchanged for performing contractual obligation: capacity. Legal ability to enter into a contract, cannot enter into a contract if: Everything else (not goods) must have definite and certain terms and all material facts must be included ex. Price, subject, matter, parties, quality, quantity, time. If material facts don"t exist in the contract they then they do not exist in the eyes of the court, they must be communicated between the two parties, the only exception is in the case of agents. Either party can sue if the contract is not upheld. I will pay you if you promise to wash my car, ebay.
