Question: Match the term with its definition. Contracts which do not require any special form and are usually based on their substance rather than their form.

Match the term with its definition.
Contracts which do not require any special form and are usually based on their substance rather than their form.
Answer 1
A contract that has all the elements necessary to be enforced in court.
Answer 2
Capable of being taken back or canceled.
Answer 3
A contract that can be avoided at the option of either or both parties.
Answer 4
Contracts that require a special form or method of creation (formation) to be enforceable.
Answer 5
A promise or a set of promises, the breach of which, the law gives a remedy, or the performance of which the law in some way recognizes as a duty.
Answer 6
Documents evidencing receipt of, and title to, goods shipped.
Answer 7
A statute that governs contracts for the sale and lease of goods.
Answer 8
Something of legally sufficient value that was bargained-for, that supports a promise.
Answer 9
The offer and an acceptance of a contract.
Answer 10
A declaration by a person (the promisor) to do or not to do a certain act.
Answer 11
A rule of contract interpretation wherein intent is not determined by the personal or subjective intent, or belief, of a party.
Answer 12
Another formal contract, frequently used in international sales contracts, wherein agreements to pay re contingent on the purchasers receipt of invoices and bills of lading.
Answer 13
A contract that cannot be enforced because of certain legal defenses against it.
Answer 14
When an offeror promises to hold an offer open for a specified period of time in return for a payment (consideration) given by the offeree.
Answer 15
The person to whom the promise is made.
Answer 16
The person making a promise.
Answer 17
A promise for a promise.
Answer 18
A promise for an act.
Answer 19
A statute that governs contracts for the sale and lease of goods.
Answer 20
The consent of both parties to a contract must be voluntary.
Answer 21
Contracts implied in law that are really fictional contracts which courts impose on the parties as if they had entered into an actual contract.
Answer 22
A contract that is implied from the conduct of the parties.
Answer 23
A voluntary act (words or conduct) by the offeree that shows agreement to the terms of an offer.
Answer 24
A contract where the terms are fully stated, either orally or in writing.

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