Chapter LIV

§1. Define contract. What is an executory contract? An express contract? An implied contract?

§2. What is a specialty? A simple or parol contract? Define _parol_. What effect has parol evidence upon written contracts?

§3. Who are deemed incapable of contracting? How are contracts made by such persons voided? How enforced? What is the general rule?

§4. What is the rule in regard to drunkards?

§5. What is mentioned as the second requisition to a valid contract? How must assent be given?

§6. What is next mentioned as necessary to a valid contract? What is a consideration?

§7. What is the effect of mutual promises? How must they be made? How when the parties are distant?

§8. Why are gratuitous promises void? In what case are subscriptions binding?

§9. Why can not payment be lawfully claimed for gratuitous services? In what cases is a person bound to pay for unasked labor?

§10. What else is mentioned as necessary to a valuable consideration? What kind of impossibility will not void a contract?

§11. What is said of illegal and immoral considerations?

§12. To what kind of contracts does the rule that a consideration is necessary apply? Why not to those under seal?

§13. What is declared by the English statute of frauds? What do some states further require?