Cone 380 isu exam Study guides, Class notes & Summaries
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ConE 380 (ISU), Exam 1, Contract Law Questions and Answers 2024
- Exam (elaborations) • 6 pages • 2024
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Contract - Agreement for whose breach of the law provides a remedy 
 
What three things does a contract require? - 1) offer 
2) acceptance 
3) consideration 
 
What are the 5 ways an offer can be terminated? - 1) Revocation: Can be done up to acceptance 
2) Refusal/Rejection: contract no longer valid after refusing/rejection, cannot change mind 
3) Counter offer: implicit rejection of original offer. ie asking for it for a lower price 
4)Time Limits: w/o one law will read a reasonable time 
5) D...
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