Contract Law Study Guide
For Quiz on Friday, be able to address the following::
Themes
Dispute Resolution. How should the law regulate relationships and disagreements?
Capitalism and Centralization. How much freedom should people have to enter into
contracts? At what point and how should government step in and declare a contract
unenforceable?
Content Questions
1. What are the purposes of contract law?
2. What are the elements of a contract?
3. When are agreements unenforceable?
4. What are warranties and how do they operate?
5. How are contract cases resolved?
6. What are the rights of landlords and tenants?
Terms
Contract
Promise
Agreement
Freedom of Contract
Offer
Acceptance
Consideration
Objective Theory
Capacity
Ratification
Statute of Frauds
Written Contract
Duress
Unconscionability
Form Contracts
Express and Implied Warranties
Full and Limited Warranties
Warranties of Merchantability, Fitness,
and Title
Disclaimer
Breach
Specific Performance
Restitution Damages
Reliance Damages
Expectation Damages
Mortgage
Adjustable rate and fixed rate
Term
Financing
Credit
Loan
Principal
Interest
Foreclosure
Purchase and Sale
Down Payment
Deed
Lease
Tenant and Landlord
Month-to-Month
Tenancy at Will
Tenancy for Years
Warranty of Habitability
Upkeep and Maintenance
Security Deposit
Eviction