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.
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A contract that has all the elements necessary to be enforced in court.
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Capable of being taken back or canceled.
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A contract that can be avoided at the option of either or both parties.
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Contracts that require a special form or method of creation formation to be enforceable.
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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.
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Documents evidencing receipt of and title to goods shipped.
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A statute that governs contracts for the sale and lease of goods.
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Something of legally sufficient value that was bargainedfor, that supports a promise.
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The offer and an acceptance of a contract.
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A declaration by a person the promisor to do or not to do a certain act.
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A rule of contract interpretation wherein intent is not determined by the personal or subjective intent, or belief, of a party.
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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.
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A contract that cannot be enforced because of certain legal defenses against it
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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.
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The person to whom the promise is made.
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The person making a promise.
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A promise for a promise.
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A promise for an act.
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A statute that governs contracts for the sale and lease of goods.
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The consent of both parties to a contract must be voluntary.
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Contracts implied in law that are really fictional contracts which courts impose on the parties as if they had entered into an actual contract.
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A contract that is implied from the conduct of the parties.
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A voluntary act words or conduct by the offeree that shows agreement to the terms of an offer.
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A contract where the terms are fully stated, either orally or in writing.
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