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Contract Law
Contract Law
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karolinawardak3
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Question
Answer
It deals with promises which create legal rights
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contract law
Contract law is formed when
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one party makes an offer that is accepted
In common law systems, promise is known as
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consideration
One party can
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accept or reject
To make the contract binding
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the offer and acceptance must match each other
A new offer made by one party to another party is called a...
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counter-offer
To make the contract valid, parties must agree on the...
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essential terms
essential terms include
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price and subject matter
Contracts can be...
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oral or written
The sale of the land must be...
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a written contract
Something positive which a party wants to get from a contract (the right to payment of money)
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rights
Something that a party has to do or give up to get rights (certain things to do)
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obligations
When a party does not do what it has promised to do under a contract, it can be sued for
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breach the contract
a court orders the breaching party to perform a contract(nakaz zrealizowania umowy)
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specific performance
money which the court orders the breaching party in compensation
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damages
a party wants to transfer its rights under a contract to another party
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assignment
contract of sale
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umowa sprzedaży
lease
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wynajem, dzierżawa
tenancy contract
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umowa najmu
contract to perform a specific task
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umowa o dzieło
contract of suretyship
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umowa poręczenia (żyrant)
contract of mandate
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umowa zlecenie
contract of donation
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