Question: 1. Explain bilateral and unliteral contracts, including the differences and similarities between these contracts. In addition, provide a detailed example of both a bilateral
1. Explain bilateral and unliteral contracts, including the differences and similarities between these contracts. In addition, provide a detailed example of both a bilateral and unilateral contract that YOU (or a friend/family member) have entered. Please be sure that you explain your answer in your own words. I need to see that YOU understand the material, merely re-typing the book and using lengthy quotes from the textbook do not demonstrate that you understand the material. Your example must pertain to your life. This response should be at least a full page of text (this excludes your name, class, title, etc.- I need a full page of you addressing this question.) 2. Explain the three requirements of an implied contract. Then, provide a detailed example for an implied contract that you (or friend or family member) have used in your life. In your example, be sure to tell me if the requirements of an implied contact were satisfied. You must tell a story here, just like in example 11.6 of your book. Your response must be at least a full page. 3. Explain the difference between an executed and executory contract and provide an example of each. Your response must be at least a half of page. 4. Please review all 12 types of contracts and provide an example of how ONE of these types of contracts has impacted your life. Note: You may not repeat any of the information that you used in the previous sections. Please be sure to tell me a story as the law is frequently told by using stories. For example, include names, places and details in your example so that I can tell that you understand the material. Your response must be at least a half of a page.
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