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< > > Implied in law contract Bilateral contract Unilateral contract Unenforceable contract Implied in fact contract Voidable contract Express contract Void contract 1. A contract where the terms are described explicitly in detail. 2. A contract that is formed due to the actions of the parties without discussion of all terms. 3. Where an obligation is imposed by law when there is no actual contract but one party has benefited at the expense of another. 4. A contract where each side has made a promise. 5. A contract that is formed when one party makes an offer and another party performs an act to accept the offer. 6. An agreement that lacks one of the essential requirements of a contract and is not a contract. 7. A contract that may remain valid until one party chooses not to be bound by it. 8. A contract that a court will not enforce. < > > Implied in law contract Bilateral contract Unilateral contract Unenforceable contract Implied in fact contract Voidable contract Express contract Void contract 1. A contract where the terms are described explicitly in detail. 2. A contract that is formed due to the actions of the parties without discussion of all terms. 3. Where an obligation is imposed by law when there is no actual contract but one party has benefited at the expense of another. 4. A contract where each side has made a promise. 5. A contract that is formed when one party makes an offer and another party performs an act to accept the offer. 6. An agreement that lacks one of the essential requirements of a contract and is not a contract. 7. A contract that may remain valid until one party chooses not to be bound by it. 8. A contract that a court will not enforce.
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Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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