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All terms in this list:

contract: an agreement enforceable by law

offer: a proposal from one party to another party

acceptance: willingness of second party to go along with first party's offer

genuine agreement: true, honest, and valid acceptance from second party

express contract: contract that is oral or written

implied contract: contract that comes from the actions of the parties

bilateral contract: contract that contains two parties

unilateral contract: a contract that has a promise from only one person

invitation to negotiate: invitations to deal, trade, or make an offer

mirror image rule: the terms stated in the acceptance must exactly match the terms of the offer

counteroffer: a response to an offer in which the terms of the original offer are changed

revocation: taking back an offer by the offeror

rejection: a refusal of an offer by the offeree that brings the offer to an end

capacity: legal ability to enter a contract (age and state of mind)

minor: a person who has not yet reached the age of adulthood

majority: the age of 18

emancipated: one who is no longer under the legal control of their parents

dissaffirm: means to show the intent not to live up to the contract

ratification: the act of agreeing to go along with the contract that could have been avoided

contributory: not tortfeasor fault whole heartily victim did something to contribute to injury

comparative: both did defendant and plaintiff did a percentage of the damage (if the victim contributed to 50% or more of injury then they do not get the remedy)

assumption of risk: victim knew the outcome of what they were doing and did it anyways and ended with them getting injured

elements of tort: 1) possession of certain rights by an innocent part 2) violation of those rights by the tortfeasor 3) a resulting injury that somehow hurts the person whose rights were violated.

element of negligence: 1. defendant owes plaintiff duty of care 2. defendant breached duty of care (was carless) 3. defendant's carelessness is plaintiffs main reason of harm 4. plaintiff is hurt by defendants carelessness

public policy: legal principle that holds that nobody should be allowed to do something that harms the public

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Definitions from Wiktionary under the GNU FDL.
Sentences copyrighted by their respective publishers.
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