Business and Consumer Law Final Exam Notes
Chapter 5: An Introduction to Contracts
Contract Law: A deliberate and complete agreement between two or more competent persons in writing supported by mutual consideration, to perform an act. It is enforceable in court.
Agreement: composed of an offer to enter into a contract and acceptance of the contract.
Complete: the agreement must be certain.
Deliberate: both parties must want to enter into a contractual relationship.
Voluntary: The agreement must