Chapter 5: How Contracts Arise
Chapter Overview: Ready to Learn?
Most people think a contract is a formal legal document that you use when you buy a car, a house, or other big-ticket items. However, these contracts represent only a fraction of the contracts that you will make over your lifetime. A contract is any agreement enforceable by law. In this chapter, you will learn when an offer has been made and when acceptance goes into effect. Being able to identify the elements of a contract will help you manage your dealings effectively.
Legal Web Links: Need to Know More?
Surf the Internet for legal Web links.
A searchable index of legal information on the Internet.
Real Cases: Did You Get It?
Apply the chapter material to real cases.
Self-Check Quizzes: Test Tomorrow?
Test your knowledge of chapter material with a self-check quiz.
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