Business Law 4.1 Lesson Review

Business Law 4.1 Lesson Review

Published on 15 July 2022
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Transcript
00:00
What is a Contract?
00:02
Business Law - Lesson 4.1 Mrs. Richard
00:05
Let's Review
00:05
Nature of a Contract
00:06
Case Study Vokes v. Arthur Murray
00:06
Characteristics of a Contract
00:11
Lesson 4.1 Key Terms
00:11
contract offer acceptance
00:13
genuine agreement express contract implied contract
00:15
bilateral contract unilateral contract
00:21
Case Study
00:22
Audrey Vokes went to a dance party
00:23
She was persuaded to sign a contract
00:24
She was repeatedly talked into taking more dance courses
00:31
Characteristics of a Contract
00:32
valid, void, voidable, or unenforceable
00:33
express or implied
00:35
bilateral or unilateral oral or written
00:42
What do you think?
00:43
What are the differences among valid, void, and voidable contracts?