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% Document Info
\author{thelegalkitty}
\pdfinfo{
  /Title (basics-of-contracts.pdf)
  /Creator (Cheatography)
  /Author (thelegalkitty)
  /Subject (Basics of Contracts Cheat Sheet)
}

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\noindent
\begin{multicols}{3}
\begin{tabulary}{5.8cm}{C}
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    \vspace{-7pt}
    {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent
        \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}}
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\begin{tabulary}{11cm}{L}
    \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{Basics of Contracts Cheat Sheet}}}} \\
    \normalsize{by \textcolor{DarkBackground}{thelegalkitty} via \textcolor{DarkBackground}{\uline{cheatography.com/196553/cs/41327/}}}
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\noindent
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  \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}}  \\
  \vspace{-2pt}thelegalkitty \\
  \uline{cheatography.com/thelegalkitty} \\
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  \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}}  \\
   \vspace{-2pt}Not Yet Published.\\
   Updated 16th November, 2023.\\
   Page {\thepage} of \pageref{LastPage}.
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  \vspace{-5pt}
  %\includegraphics[width=48px,height=48px]{dave.jpeg}
  Measure your website readability!\\
  www.readability-score.com
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\begin{document}
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\begin{multicols*}{4}

\begin{tabularx}{3.833cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Classifications}}  \tn
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Classifications}}*\textasciicircum{}either one of these\textasciicircum{} \newline % Row Count 1 (+ 1)
{\bf{Valid:}} binding and enforceable agreement meeting all requirements \newline % Row Count 3 (+ 2)
{\bf{Voidable:}} When one or more persons can elect to get out of a contract \newline % Row Count 5 (+ 2)
{\bf{Void:}} There is no contract; lacking an element \newline % Row Count 7 (+ 2)
{\bf{Unenforceable:}} valid but for some reason cannot/will not be enforced in court \newline % Row Count 9 (+ 2)
{\bf{Illegal:}} made for an illegal purpose \newline % Row Count 10 (+ 1)
{\bf{{\emph{AND}}}} \newline % Row Count 11 (+ 1)
{\bf{Bilateral:}} Promise for promise \newline % Row Count 12 (+ 1)
{\bf{Unilateral:}} Promise for act% Row Count 13 (+ 1)
} \tn 
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Elements}}  \tn
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Requirements for a contract}} \newline % Row Count 1 (+ 1)
1. An agreement between 2 or more competent parties  \newline % Row Count 3 (+ 2)
2. based on genuine agreement  \newline % Row Count 4 (+ 1)
3. supported by consideration  \newline % Row Count 5 (+ 1)
4. not for illegal purposes  \newline % Row Count 6 (+ 1)
5. {\emph{sometimes}} must be in writing \newline % Row Count 7 (+ 1)
{\bf{Definitions}} \newline % Row Count 8 (+ 1)
{\bf{Offer:}} A proposal to make a contract. Must have definite proposal {[}certain not invitation{]}, made with intent to contract, communicated to the offeree. \newline % Row Count 12 (+ 4)
{\bf{Termination:}} Offers are valid until terminated. Possible through rejection, counteroffer, acceptance, etc \newline % Row Count 15 (+ 3)
{\bf{Acceptance:}} Unconditional acceptance in method specified by offeror% Row Count 17 (+ 2)
} \tn 
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Problems Under Acceptance}}  \tn
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Fraud:}}*\textasciicircum{}requires all below\textasciicircum{} \newline % Row Count 1 (+ 1)
Can rescind contract and get damages if occurrs \newline % Row Count 2 (+ 1)
1.Misstatement of a material fact \newline % Row Count 3 (+ 1)
2.Made with knowledge of falsity {[}or with reckless disregard of its truth{]} \newline % Row Count 5 (+ 2)
3.With intention to deceive \newline % Row Count 6 (+ 1)
4.Reliance by the other party \newline % Row Count 7 (+ 1)
5.Resulting to injury to the other party \newline % Row Count 8 (+ 1)
{\bf{Misrepresentation:}} \newline % Row Count 9 (+ 1)
Like fraud but {\emph{no intent}} to deceive. \newline % Row Count 10 (+ 1)
Can rescind contract but usually no damages% Row Count 11 (+ 1)
} \tn 
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{The difference between fraud and misrep is intent}  \tn 
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Consideration}}  \tn
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{That which is bargained for \newline % Row Count 1 (+ 1)
Requires a legal detriment or legal benefit to each parties (doesn't mean you have to get something) \newline % Row Count 4 (+ 3)
No requirement that money be involved \newline % Row Count 5 (+ 1)
Bargain need not be fair% Row Count 6 (+ 1)
} \tn 
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Capacity to Contract}}  \tn
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{Parties must be legal age w/o mental disability or incapacity \newline % Row Count 2 (+ 2)
{\bf{Minors:}} contracts voidable by minors \newline % Row Count 3 (+ 1)
{\bf{{\emph{NOT}}}} voidable by the adult in the contract \newline % Row Count 4 (+ 1)
Disaffirm: May avoid both executed and executory contracts during minority and w/i a reasonable time after majority. Must return whatever received \newline % Row Count 7 (+ 3)
{\bf{Insanity:}} Do not understand the nature and consequences of the act when contracting \newline % Row Count 9 (+ 2)
Adjudicated: contract void \newline % Row Count 10 (+ 1)
Not adjudicated: voidable  \newline % Row Count 11 (+ 1)
{\bf{Intoxication:}} Must be so terribly drunk that they don't know about contract execution, not just a few drinks% Row Count 14 (+ 3)
} \tn 
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{p{0.2633 cm} p{0.2633 cm} p{0.2633 cm} p{0.2633 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{4}{x{3.833cm}}{\bf\textcolor{white}{Statute of Frauds (writing req for an agrmt)}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{4}{x{3.833cm}}{If action {\bf{cannot}} be performed w/i a year} \tn 
% Row Count 1 (+ 1)
% Row 1
\SetRowColor{white}
\mymulticolumn{4}{x{3.833cm}}{Sale of interest in real estate, lease \textgreater{}1 year} \tn 
% Row Count 2 (+ 1)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{4}{x{3.833cm}}{Sale of goods \textgreater{}\$500} \tn 
% Row Count 3 (+ 1)
% Row 3
\SetRowColor{white}
\mymulticolumn{4}{x{3.833cm}}{Answer for the debt of another} \tn 
% Row Count 4 (+ 1)
% Row 4
\SetRowColor{LightBackground}
\mymulticolumn{4}{x{3.833cm}}{Requires: Names of those bound, Subject \& Consideration, and Signature of one attepting to enforce against} \tn 
% Row Count 7 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}----}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Commonly Forgotten}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Parole Evidence Rule}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}assume contract completely on its face, no prior agreements not contained in written contract} \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Accord and Satisfaction}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Mutual agreement to change contract} \tn 
% Row Count 5 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Contract Performance}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Anticipatory Repudiation}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}One party says won't or can't perform before performance date} \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Discharge}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Death, physically incapable, becomes illegal, bankruptcy} \tn 
% Row Count 6 (+ 3)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Rescission}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Both agree to forget it} \tn 
% Row Count 8 (+ 2)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Remedies for Breach of Contract}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Damages}}} \tn 
% Row Count 1 (+ 1)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{Compensatory, nominal, or liquidated} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Yes} \tn 
% Row Count 3 (+ 2)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{Punitive} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Usually {\bf{not}} (unless accompanied by tort or fraud)} \tn 
% Row Count 6 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Compensatory Damages}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{Compensate for losses caused by breach of contract} \tn 
% Row Count 1 (+ 1)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Special Damages:}} must be reasonably foreseeable and specifically proved} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Profits, future business, costs to replace/repair, medicals, lost wages, etc} \tn 
% Row Count 5 (+ 4)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{{\bf{General Damages}} (rarely for breach of contract)} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Pain and suffering, mental anguish, hedonic damages, etc} \tn 
% Row Count 9 (+ 4)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Rule of Mitigation:}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Must do what is reasonable to avoid or minimize damages} \tn 
% Row Count 12 (+ 3)
% Row 4
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Benefit Rule:}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}If violation also provides a benefit, then must reduce recovery by benefit} \tn 
% Row Count 15 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Equitable Remedies}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Specific Performance:}} Where there is not adequate remedy at law} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Usually unique not fungible goods (Rare/special Always land) Not personal service Only available against seller: can make sell} \tn 
% Row Count 5 (+ 5)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{Fungible goods: goods that are interchangeable for commercial purposes, and whose properties are essentially identical (Ex: dollar bills, bond/shares, etc)}  \tn 
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{p{0.3433 cm} p{0.3433 cm} }
\SetRowColor{DarkBackground}
\mymulticolumn{2}{x{3.833cm}}{\bf\textcolor{white}{Nominal Damages}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{2}{x{3.833cm}}{When it really is the principle of the thing and not the money} \tn 
% Row Count 2 (+ 2)
% Row 1
\SetRowColor{white}
\mymulticolumn{2}{x{3.833cm}}{You don't NORMALLY sue for nominal damages, they happen when you win, but the jury doesn't think you deserve a significant award of damages.} \tn 
% Row Count 5 (+ 3)
\hhline{>{\arrayrulecolor{DarkBackground}}--}
\end{tabularx}
\par\addvspace{1.3em}

\begin{tabularx}{3.833cm}{X}
\SetRowColor{DarkBackground}
\mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Bailment}}  \tn
% Row 0
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{The contractual transfer of a asset or personal property from a bailor to a bailee for a certain period of time} \tn 
% Row Count 3 (+ 3)
% Row 1
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Mutual benefit bailment}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Bailee liable for negligence in its care \{\{nl\}\} Bailor must warn of known dangers} \tn 
% Row Count 6 (+ 3)
% Row 2
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Gratuitous bailment for benefit of bailor}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Bailee liable for gross negligence in its care \{\{nl\}\}EX: "take care of my dog while I'm on vacation"} \tn 
% Row Count 10 (+ 4)
% Row 3
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Gratuitous bailment for benefit of bailee}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Bailee liable for slight negligence in its care EX: "can I borrow your lawnmower to mow my yard?"} \tn 
% Row Count 14 (+ 4)
% Row 4
\SetRowColor{LightBackground}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Bailee cannot use bailed object outside of bail agreements}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Usually absolute liability if outside} \tn 
% Row Count 17 (+ 3)
% Row 5
\SetRowColor{white}
\mymulticolumn{1}{x{3.833cm}}{{\bf{Other requirements}}} \tn 
\mymulticolumn{1}{x{3.833cm}}{\hspace*{6 px}\rule{2px}{6px}\hspace*{6 px}Duty to return object  Can't use outside of bailment limits\{\{nl\}\} Usually not liable for wear and tear} \tn 
% Row Count 21 (+ 4)
\hhline{>{\arrayrulecolor{DarkBackground}}-}
\end{tabularx}
\par\addvspace{1.3em}


% That's all folks
\end{multicols*}

\end{document}