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5 Cards in this Set
- Front
- Back
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What is a contract?
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A promise that the court will enforce
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Types of contracts
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Bilateral - both parties
Unilateral - one party promises the other party must do to accept |
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Types of contacts
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Express - explicitely state terms
Implied - words and conduct show an intention of a contract |
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Types of contracts
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executory - one or more parties have not fullfilled agreement
Executed - all parties have fullfilled agreement |
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Types of contracts
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enforceable -parties have an agreement
Unenforceable - parties intend to have an agreement but the curts declares some rule of law prohibiting |
