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10 Cards in this Set
- Front
- Back
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What is a Contract?
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An enforcable agreement btetween parties with promises
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Bilateral contract?
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Promise for a promise; prospective in nature
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Unilateral contract?
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Promise for an act; contemperanius
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Expressed Contract?
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created by expressions of the partes
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Implied Contract?
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Created by Behavior
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Exectued Contract?
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every party performed duty within contract
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Executory Contract
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Something remains to be completed in the contract
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Valid Contract
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all elements of valid contract are there
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Void Contract?
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not enforcable agreement
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Voidable contract?
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allows a party to leave the contract
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