Question: Write 9 Sentences For Your Response: How many contracts, do you enter into each day or week? What types of contracts are they? Do all

Write 9 Sentences For Your Response: How many

Write 9 Sentences For Your Response: How many contracts, do you enter into each day or week? What types of contracts are they? Do all contracts have to be in writing? Which contracts must be in writing - what is the policy reasons for such? Classifications Based on Contract Formation CONTRACT FORMATION BILATERAL A promise for a promise UNILATERAL A promise for an act FORMAL Requires a special form for creation INFORMAL Requires no special form for creation EXPRESS Formed by words IMPLIED Formed at least in part by the parties conduct

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