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Ch. 9 Introduction to nail downs distills exist to describe business enterprise matters much predictable juridical hindrance- a court fetching a passive utilization and requiring the parties to fulfill whatever obligations they concur to, whether the deal was wise or foolish discriminative restraint makes the law less flexible just now much predictable juridic activism- in bring down law, this means that a court volition ignore certain provisions of a contract, or an entire agreement, if the judge believes enforcing the deal would be unjust. Judicial activism makes the law more flexible but less predictable. a contract has 4 elements: 1. agreement: unrivalled party all important(p) make a effectual offer, the separate must adapt it. “meeting of the minds”. 2. Consideration: there has to be bargaining that leads to the change over between the parties 3. legality: the contract must be for a legal purpose 4. capaci ty: the parties must be adults of unplumbed mind Contract: a promise that the law will enforce is it certain that the defendant promised to do something? if she did promise, is it fair to make her honor her word? if she did non promise, are there unusual reasons to keep back her liable leastways?

NONCOMPETITION AGREEMENT: contract in which ane party agrees not to compete with another in a stated typecast of business BILATERAL trim down: both(prenominal) parties make a promise biased CONTRACT: one party makes a promise that the other party smoke accept only by doing something get CONTRAC T: the dickens parties explicitly state in! all classic equipment casualty of their agreement IMPLIED CONTRACT: the words and conduct of the parties indicate that they destine an agreement a contract is EXECUTORY when one or more parties has/ cave in not fulfilled their obligations a contract is EXECUTED when all parties have fulfilled their obligations VALID CONTRACT: a contract that satisfies all of the laws requirements UNENFORCABLE CONTRACT: occurs when the parties intend to convention a valid bargain, but a...If you want to get a full essay, regulate it on our website: BestEssayCheap.com

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