Key Concepts in Contract Law
Classified in Philosophy and ethics
Written on in
English with a size of 3.42 KB
Contractual Capacity
Individuals Lacking Capacity
- Minors (under 18 years of age)
- Individuals suffering from a mental disability
- Individuals who are intoxicated
Misrepresentation in Contracts
Types of Misrepresentation
- Fraudulent Misrepresentation
- Innocent Misrepresentation
- Negligent Misrepresentation
Proving Duress
Elements of Duress
- Demonstrate that illegitimate means were used.
- The illegitimate means used were a reason for entering the contract.
- The evidence presented is honest and accepted.
Undue Influence
Presumed Special Relationships
- Parent/Child
- Guardian/Ward
- Doctor/Patient
Discharge of Contracts
Primary Methods of Contract Discharge
- By Performance
- By Agreement
- By Frustration
- By Breach
Discharge by Agreement Methods
- Mutual Discharge
- Release
- Waiver
- Substitution