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Chapter 6 SLIDE  1 REQUIREMENTS OF A LEGALLY ENFORCEABLE CONTRACT Chapter 6 SLIDE  1 REQUIREMENTS OF A LEGALLY ENFORCEABLE CONTRACT

Chapter 6 SLIDE 1 REQUIREMENTS OF A LEGALLY ENFORCEABLE CONTRACT - PowerPoint Presentation

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Uploaded On 2018-03-09

Chapter 6 SLIDE 1 REQUIREMENTS OF A LEGALLY ENFORCEABLE CONTRACT - PPT Presentation

Offer and acceptance Genuine assent Legality Consideration Capacity Proper form Chapter 6 SLIDE 2 HOW CAN OFFERS BE ENDED Revocation by the offeror Time stated in the offer Reasonable length of time ID: 644900

offeree chapter offeror slide chapter offeree slide offeror time offer

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Presentation Transcript

Slide1

Chapter 6

SLIDE 1

REQUIREMENTS OF A LEGALLY ENFORCEABLE CONTRACT

Offer and acceptance

Genuine assent

Legality

Consideration

Capacity

Proper formSlide2

Chapter 6

SLIDE 2

HOW CAN OFFERS BE ENDED?

Revocation by the offeror

Time stated in the offer

Reasonable length of time

Rejection by the offeree

Counteroffer

Death or insanity of either the offeror or offeree

Destruction of the specific subject matter