OCR A-Level Law_ The Nature
OCR A-Level
of Law Law_
and Contract
The Nature
OCRLaw
A-Level
of
–
Law
Lecture
Law_
and Contract
Notes
The Nature
_ Law
Exam
of
–
Law
Revision
Lecture
and Contract
Material
Notes _ Law
Exam–
Revision
LectureMaterial.pdf
Notes _ Exam Revision Material.pdf
● OCR A-Level Law: The
Nature of Law and Contract
Law – Lecture Notes / Exam
Revision Material
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
OCR A-Level Law_ The Nature
OCR A-Level
of Law Law_
and Contract
The Nature
OCRLaw
A-Level
of
–
Law
Lecture
Law_
and Contract
Notes
The Nature
_ Law
Exam
of
–
Law
Revision
Lecture
and Contract
Material.pdf
Notes _ Law
Exam–
Revision
LectureMaterial.pdf
Notes _ Exam Revision Material.pdf
,OCR Law- The Nature of Law and Contract Law OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf
Terms in this set (132)
What is the definition of a contract? A contract is a set of promises between competent parties to be legally bound,
using an objective standard. A valid contract contains an offer, an acceptance,
consideration, and no defense to formation.
What is the UCC or Common Law? The UCC governs contracts for the sale of goods that are identifiable at the time
of contract formation. The common law will govern all other contracts, including
those for services.
What is the Predominant Factor Test? If a contract is for a combination of goods and services, the governing law will
be for the predominant factor of the contract.
What is the definition of a merchant? A merchant is someone who trades or deals regularly with the goods involved in
the contract or holds himself out to be expertly knowledgeable about the
goods.
Define formation? Mutual Assent requires that the essential terms of the contract are sufficiently
definite and that both parties have agreed to those terms.
OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf
, OCR Law- The Nature of Law and Contract Law OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf
Define an offer? An offer is an objective manifestation of an intent to be bound to certain and
definite terms communicated to an identified offeree.
What is meant by the intent to be bound? Under the objective theory of contract law, an objective standard of a person in
the position of the offeree must be clear that an offer has been extended.
Define jest? An offer which the offeree knew or should have known was in jest will not be an
offer.
What is the role of advertisements in contract? Advertisements are not usually offers because they contain no promissory
language. They are considered invitations to deal unless they are very specific as
to quantity and offerees. If all other requirements have been met for a valid offer,
the party identification can be met where the offeree identifies herself as a
person willing to perform.
Define preliminary negotiations? Preliminary negotiations and solicitations are not considered offers but rather
invitations to conduct further negotiation.
Definite terms? Terms must be definite enough that a court could determine the duties of the
parties and be able to fashion a remedy. Uncertain terms may be cured, such as
agreement to agree, by a court if the parties later disagree about those terms.
OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf
OCR A-Level
of Law Law_
and Contract
The Nature
OCRLaw
A-Level
of
–
Law
Lecture
Law_
and Contract
Notes
The Nature
_ Law
Exam
of
–
Law
Revision
Lecture
and Contract
Material
Notes _ Law
Exam–
Revision
LectureMaterial.pdf
Notes _ Exam Revision Material.pdf
● OCR A-Level Law: The
Nature of Law and Contract
Law – Lecture Notes / Exam
Revision Material
Guidehttps://www.stuvia.com/dashboard!@_)#*)(@$)($@*($@)($@*_
OCR A-Level Law_ The Nature
OCR A-Level
of Law Law_
and Contract
The Nature
OCRLaw
A-Level
of
–
Law
Lecture
Law_
and Contract
Notes
The Nature
_ Law
Exam
of
–
Law
Revision
Lecture
and Contract
Material.pdf
Notes _ Law
Exam–
Revision
LectureMaterial.pdf
Notes _ Exam Revision Material.pdf
,OCR Law- The Nature of Law and Contract Law OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf
Terms in this set (132)
What is the definition of a contract? A contract is a set of promises between competent parties to be legally bound,
using an objective standard. A valid contract contains an offer, an acceptance,
consideration, and no defense to formation.
What is the UCC or Common Law? The UCC governs contracts for the sale of goods that are identifiable at the time
of contract formation. The common law will govern all other contracts, including
those for services.
What is the Predominant Factor Test? If a contract is for a combination of goods and services, the governing law will
be for the predominant factor of the contract.
What is the definition of a merchant? A merchant is someone who trades or deals regularly with the goods involved in
the contract or holds himself out to be expertly knowledgeable about the
goods.
Define formation? Mutual Assent requires that the essential terms of the contract are sufficiently
definite and that both parties have agreed to those terms.
OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf
, OCR Law- The Nature of Law and Contract Law OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf
Define an offer? An offer is an objective manifestation of an intent to be bound to certain and
definite terms communicated to an identified offeree.
What is meant by the intent to be bound? Under the objective theory of contract law, an objective standard of a person in
the position of the offeree must be clear that an offer has been extended.
Define jest? An offer which the offeree knew or should have known was in jest will not be an
offer.
What is the role of advertisements in contract? Advertisements are not usually offers because they contain no promissory
language. They are considered invitations to deal unless they are very specific as
to quantity and offerees. If all other requirements have been met for a valid offer,
the party identification can be met where the offeree identifies herself as a
person willing to perform.
Define preliminary negotiations? Preliminary negotiations and solicitations are not considered offers but rather
invitations to conduct further negotiation.
Definite terms? Terms must be definite enough that a court could determine the duties of the
parties and be able to fashion a remedy. Uncertain terms may be cured, such as
agreement to agree, by a court if the parties later disagree about those terms.
OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf OCR Law- The Nature of Law and Contract Law.pdf
