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ABA Family Legal Guide
Contracts and Consumer Law
Introduction to Contracts
A Contract Defined
- What is a contract?
- May anyone enter into a contract?
- What determines enough maturity to make a contract?
- Does that mean minors may not make a contract?
- When does mental capacity invalidate a contract?
- May an intoxicated person get out of a contract?
- Do I need a lawyer to make a contract?
- Must contracts be in writing?
- Are there any advantages to putting a contract in writing?
- Which contracts must be in writing?
- What are the rules regarding signatures?
- Must contracts be notarized?
- What is an offer?
- What makes a contract valid?
- Is an advertisement an offer?
- Does an offer stay open indefinitely?
- Must both sides give consideration?
- How much consideration, or payment, must there be for a contract to be valid?
- Does consideration have to be money?
- Must the consideration be a new obligation?
- Does that mean I can't renegotiate a contract?
- Is a promise to make a gift a contract?
- What if someone makes a promise without consideration, but I rely on it?
- What is an option contract?
- What constitutes the acceptance of an offer?
- Can silence signal acceptance?
- Can acts qualify as acceptance?
- When is the acceptance effective?
- Is an "agreement to agree" a contract?
- Can a joke be the basis for a contract?
- What is a condition?
- May someone else make a contract on my behalf?
- What happens when an agent exceeds the authority granted by a principal?
- May I transfer my duties under a contract?
- May I assign my rights?
Copyright © 2004 American Bar Association