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3 Cards in this Set
- Front
- Back
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Contract |
Legally enforceable agreement entered into willingly by two or more parties |
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Bilateral |
Where parties exchange promises to carry out acts. Both are bound by the contract from the beginning |
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Unilateral |
Where a party promises to do something in reply to an act done by a party. Only the first party is legally bound by the contract from the beginning |
