Mie 305 final stuvia Study guides, Class notes & Summaries

Contract - ANSWERSa promise or set of promises supported by the exchange of bargained-for consideration for the breach of which the law gives a remedy, or the performance of which the law recognizes as an enforceable duty. "a promise or set of promises that are enforceable in court." primarily state based common law contract elements - ANSWERS-Agreement: the parties agree to the exchange of legal detriment as to each other -Bargained-for consideration: exchange of value, including their de...