| A | B |
|---|
| Who can accept an offer? | the offeree |
| occurs when there is an intentional misrepresentation of an existing important fact. | fraud |
| is conduct suggesting you intend to be bound by the contract. | ratification |
| occurs when one party to the contract is in a position of trust and wrongfully dominates the other party. | undue influence |
| Genuine agreement is also called a | meeting of the minds |
| When someone intends a gift but consideration is not present, a promise may be enforced under the doctrine of | promissory estoppel |
| An offer that must remain open without consideration. | firm offer |
| When money is paid to leave an offer open, this is created. | option contract |
| The thing of value that gets exchanged in a contract. | consideration |
| What type of contract is one that has not been completely performed. | An executory |
| If a mutual mistake occurs, the contract is | void |
| A stamp or embossing would be a legal form of signing under the | statute of frauds |
| What type of contract is one that has been fully performed. | executed |
| contracts to buy and sell real property comes under the | statute of frauds |
| the severing of the child/parent relationship | emancipation |
| Minors can disaffirm contracts for | non-necessaries |
| This occurs when one party holds an incorrect belief about the facts related to a contract. | unilateral mistake |
| The use of threat or force to get someone to sign an agreement. | duress |
| This means the parties to a contract must be able to contract for themselves. | capacity |
| This is the transfer of ownership without receiving anything in return. | gift |
