What main features must a contract have to be binding?

2.. What does it mean for the parties to an agreement to be ad idem?

3. How do the courts determine whether the parties to an agreement intended to create a legal relationship?

4.. When does an offer lapse?

5.  How may an acceptance be communicated? When does silence constitute acceptance?

6. What distinguishes a counteroffer from an inquiry?

7. How may an offer be revoked, and when is such revocation effective?

8. What conditions must be present for the courts to enforce a claim of quantum merit?

9. What is a restrictive covenant?

10. What are the formality requirements for a contract that is a deed?

11. In what circumstances can a minor's contract be repudiated if it is not for necessity and not an employment contract?

12. What are the consequences of repudiating a minor's contract?

13.Why is distinguishing among representations, conditions, and terms important?

 14. What is the parol evidence rule, and what is its purpose?

 15. In what circumstances can oral and other written evidence be used to interpret a written contract?

 16. When might a court intervene with respect to the application of a penalty clause?

17. Explain the doctrine of privity of contract. What is the rationale for its existence?

 18. Describe the difference between a novation and an assignment of a contract.

19. In what ways can a contract be discharged? What is the effect of discharging a contract?

 20. For what reasons might a party legitimately refuse to accept the tender of performance?

21. How does an innocent misrepresentation differ from a negligent misrepresentation?

22. What determines whether a misrepresentation is material?

23. In what circumstances can duress be used to rescind a contract?

 24. How does undue influence differ from duress in terms of circumstances where it can be used, and in terms of remedies?

Answer rating: 100% (QA)

1 To be binding a contract must have an offer acceptance intention to create legal relations consideration certainty and legal capacity of the parties 2 Ad idem means the parties have a meeting of the ... View the full answer