Ch 9 Flashcards
bilateral/ unilateral. contract
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.
quasi contract
196- false
a contract implied by law to prevent unjust enrichment
implied in fact contract
195- false
implies from the conduct of the parties
executed contract
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
executory contract
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.
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?
Yes–a unilateral contract