Contracts in a Nutshell |
Contents
Irrevocability of offers supported | 30 |
51 | 32 |
Significance of unilateral or bilateral | 37 |
Copyright | |
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Common terms and phrases
acceptance action adhesion contracts agreed agreement ANALYSIS DIVIDER ance anticipatory repudiation apply arise assent assignor assuming B's promise bargained exchange benefit bilateral contract bound breach buyer common law communication consideration constitute counter-offer court creditor debtor defense delegatee delegation deliver determine discharge duty to pay duty to perform effective enforceable estoppel example excused expressly fact formance frustration of purpose Hence illegality infra intention involved irrevocable jurisdictions legal detriment liability majority rule ment minor mistake obligation obligor offeree offeree's offeror offers to sell oral contract ordinarily output parol evidence rule party's payment person power of acceptance pre-existing duty prior problem prom promise to pay promise to perform promisor promissory estoppel quasi-contract question reasonable received rejection reliance requirements rescission revocation revoke sell Blackacre seller situation Standardized damages Statute of Frauds subject matter subsequent sufficient supra tender Termination theory third party beneficiary tion tract transaction unilateral warranty writing