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The Regulation module, which
contains questions and answers regarding contracts and other important
topics, is just one of the four proven integral parts of our CPA
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The flashcards related to contracts will cover these topics:
- Formation
- Elements of a contract, privity, types of contracts, void vs.
voidable contracts, actual vs. constructive fraud, terms to create
a valid offer, revocation of offer, irrevocable offers, termination
of an offer, unilateral vs. bilateral offers, invitation to deal,
terms to create a valid acceptance, mailbox rule, consideration,
modifications to the requirement of consideration, conditional
promises, no consideration, contractual capacity, illegality,
innocent misrepresentation of a material fact, statute of frauds,
parole evidence rule, unilateral vs. mutual mistake.
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- Performance, Assignments and Remedies
- Doctrine of substantial performance, accord, satisfaction, option,
duty to perform, third party beneficiaries, nonperformance of
contracts, assignment of rights to third parties, delegation of
duties, remedies available to breech of contract, compensatory
damages in a service contract, legal recourse available to buyer
upon breech by seller, legal recourse available to seller upon
breech by buyer, discharge of contract, affect of fraud on contracts.
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