Contract Law

A formal agreement between two companies for a business deal

An official document outlining the terms of a rental agreement

A written agreement between an employer and an employee for a job position

The exchange of something of value between parties with the intention of legal force

To confuse consumers

To complicate business dealings

To provide certainty in transactions and resolve disputes

To avoid legal obligations

Offer, acceptance, consideration, intention to be legally bound

Verbal agreement, written contract, payment, disagreement

Negotiation, disagreement, avoidance, confusion

Delay, uncertainty, disagreement, lack of consideration

Let the contract be void

Let the seller beware

Let the buyer beware

Let the court decide

Minors can enter into any contract they want

Minors lack full capacity to enter contracts

Minors have unlimited legal capacity

Minors can only enter verbal contracts

Anyone can enter into a contract regardless of mental capacity

Mental capacity is not relevant in contract law

Individuals must have the mental capacity to enter a contract

Only professionals can enter into contracts

Companies are bound by the scope of their business powers

Companies have unlimited capacity to enter into contracts

Companies cannot enter into contracts

Companies can enter into any contract they want

Any employee can sign a contract on behalf of their company

Only authorized individuals can sign contracts on behalf of their company

Only legal representatives can sign contracts

Authority is not a consideration in business contract law

Individuals or companies facing financial difficulties have limitations on the contracts they can enter into

Individuals or companies facing financial difficulties have unrestricted capacity to enter into contracts

Individuals or companies facing financial difficulties are unable to enter into any contracts

Individuals or companies facing financial difficulties can only enter verbal contracts

Contracts can be illegal and still enforceable

Contracts are always illegal

Contracts must be legal and enforceable

Legality is not a concern in contracts