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MaC L RaCS

 

Mnemonic Device:

  • MaC L RaCS

Explanation: To remember the essentials of a contract.

  • Ma = Mutual agreement
  • C = Capacity
  • L = Legality of object
  • Ra = Reality of assent
  • C = Consideration
  • S = Statute of Frauds (if it applies)
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Comments

  1. Tammy L says
    April 13, 2015 at 3:13 am

    Statute of Frauds: My Legs
    Marriage as consideration
    longer than a Year
    Estate
    Land
    Goods over $500 (or $5000)
    Surety

    Reply

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