- I can define what a contract is
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- I can list the elements needed to create a legal binding contract
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- I can exmaplin was a valid, void, voidable or unemforceable contract looks like
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- I can explain the difference between an express or implied contract
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- I can explain what bilateral and unilateral contract are and what promises apply to each one
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- I can explain why oral contracts are less enforceable than written contracts
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- I can explain the requirements of a valid offer
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- I can identify the requirements of an acceptance
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- I can explain how the mirror image rules applies to unconditional acceptance
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- I can identify multiple mehods that can be used to accept an offer
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- I can explain what a counter offer is and result it has on the original offer.
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- I can identify the five ways to terminate an offer legally
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