Ch 9 Flashcards

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1
Q

bilateral/ unilateral. contract

A

191
bilateral contract- a promise for a promise.
painter and shop lady, if you promise to paint by july 1 i will pay you $3,000. he promised so it becomes a bilateral contract.

unilateral contract- a promise for an act
painter and shop lady, if you promise to paint by july 1 i will pay you $3,000. offer can only be accepted by only the painter. if he doesnt she cannot sue, if he does and she does not pay, he can sue her.

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2
Q

quasi contract

A

196- false

a contract implied by law to prevent unjust enrichment

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3
Q

implied in fact contract

A

195- false

implies from the conduct of the parties

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4
Q

executed contract

A

194
contract that has been fully performed on both sides; a completed contract.
she paid for the car and the car was given to her, fully performed

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5
Q

executory contract

A

193
contract that has not been fully performed by either or both sides.
she signs a contract stating she will buy a car but she has not paid and they have not given her the car.
Or: she paid but the car has not been given to her.

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6
Q

Jonathan writes to Willa, stating, “I’ll pay you $150 if you reseed my lawn.” Willa reseeds Jonathan’s lawn as requested. Has a contract been formed? If so, what kind?

A

Yes–a unilateral contract

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