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This agreement is personal to the Employee Este acuerdo es personal para el empleado
and the Employee shall not assign any part y el empleado no asignará ninguna parte
of the Employee’s rights or delegate any de los derechos del empleado ni delegará
part of the Employee’s obligations under ninguna parte de las obligaciones del
empleado bajo este acuerdo a
this agreement to any other person, except
cualquier otra persona, excepto que el
that the Employee may assign the empleado puede asignar los derechos del
Employee’s rights under this agreement to empleado bajo este acuerdo al personal o
the Employee’s personal or legal legal del empleado representantes,
representatives, executors, administrators, ejecutores, administradores, herederos,
heirs, distributees, devisees and legatees. distribuidores, ideales y legados
• Latin and French expressions
Ad hoc- para este fin
Affidavit- declaración jurada o firmada
plaintiff- demandante
• Common words with special meaning
• Use of archaism: Old words or phrases
Master and servant- empleador y empleado
Where – cuando
Provided that- sin embargo, siempre y cuando, bien entendido que…
False cognates
Words in two
different
languages
• Doublets and trebels are lexical • Trebels
repetition. • Cancel, annul and set aside
• doublets (cancelar).
• Able and willing (estar dispuesto a • Form, manner and method (de
algo). una determinada manera).
• Terms and conditions (cláusulas de • Give, devise and bequeath (dejar
un contrato). en testamento).
• Agree and acknowledge • Hold, possess and enjoy (tener la
(manifestar el conocimiento y la posesión y el disfrute de algo).
aceptación de un hecho). • Right, title and interest (derechos
• All and every (todos y cada uno). de propiedad).
• Indemnify and hold harmless
(exonerar de responsabilidad).
What Is a Contract? An agreement between two parties who promise to
give and receive something from each other, known as
consideration, and who intend the agreement to be
A contract is an agreement legally binding
between two or more parties to
perform a service, provide a UN contrato es un acuerdo
product or commit to an act and is entre dos o más partes para
enforceable by law. realizar un servicio,
There are several types of proporcionar un producto o
contracts, and each have specific comprometerse a un acto y es
terms and conditions. exigible por la ley.
Hay varios tipos de contratos,
y cada uno tiene términos y
Contract = Agreement + condiciones específicos.
Enforceability at Law
(Acuerdo + exigibilidad de la
ley)
What´s the contract?
• Offer (oferta)
• Acceptance (aceptación)
• Consideration (consideración)
• Mutuality (mutualidad)
• Capacity (capacidad)
• Legally acceptable terms (términos legalmente aceptables)
Elements of contract
Offer:
• An offer is a promise made by the offeror. A
proposal to another party to enter into an
agreement on certain terms. Money and
another thing of value in exchange for
performance.
• Example: I’m proposing to sell my car to you.
• The offeror or promisor is the person making
the offer or proposal. (I)
• The offeree or promisee is the person who
accepts or receives the offer or proposal. (YOU)
Elements of contract
Acceptance:
• An expression of definite and unconditional
agreement set out in the offer.
• Occurs when an offeree (buyer) agrees to
be mutually bound to the terms of the
contract by giving
• It can be oral or in written formal.
• Another party must accept the offer.
• Written
• Oral
• Partly oral and written
Contract Types Two main types:
• Simple contract:
• Contracts include most day-to-day transactions
• Can be written, implied, or verbal
• Most should be in writing (easier to prove)
• Simple contract need not be formal as long as basic requirements are met
• Express contract (may be verbal or written)
• Implied contract (these are agreements made through actions)
Quasi contract
• A finds lost goods of B, A is bound
legally to return good back to B
Examples
Voidable contract Valid contract
• Jhon agrees to sell and deliver 10 • X offer to marry Y. Y accepts X´s offer.
bags of rice to Yeny for $ 2500 within This is a valid contract
on week. But Jhon doesn´t supply to Void contract
wheat within the specified time. The
contract becomes voidable contract. • Zack offers to marry Beth. Beth
accepts Zack´s offer. Later on Beth
dies. This contract was valid at the
time of its creation or formations but
now became void by the death of
Beth.
Don´t forget!!!
• Express contract: stated in words and may
be either oral or written.
• Implied contract: contract that comes
about from the actions of the parties.
• Bilateral contract: contains two promises
one bye each person
• Unilateral contract: contains one promise
only
• Offeror. One who makes an offer.
• Offeree. One to whom an offer is
made.
• Promisor. One who makes a promise.
• Promisee. One to whom a promise is
made.
• Obligor. One who makes and has an
obligation.
• Obligee. One to whom an obligation is
made.
• Transferor. One who makes a transfer.
• Transferee. One to whom a transfer is
made.
Activity in class
• Read it carefully. Then look in
the contract for some of those
terms defined and pay attention
to how they are used.
• Look the contract and search the
false cognates