Contracts Flashcards
1
Q
Contract is an agreement to either do something or _
A
Not do something
2
Q
An agreement may be _ as a result of the conduct of the parties
A
“Implied”
3
Q
Agreement may be “expressed” meaning that parties have expressly stated what their _
A
Intentions are
4
Q
Expressly stated what their intentions are and what they wish to _
A
Obtain as a result if the agreement
5
Q
An expressed contract may be in writing or may be _
A
Oral
6
Q
Sometimes people classify contracts as _ or _
A
Unilateral
Bilateral
7
Q
Unilateral contract is one in which offer can be accepted only by _
A
Doing some act
8
Q
Unilateral contract example $100 dollar offer for return of cat, you can _
A
Accept offer by returning the cat
9
Q
Bilateral example, both agree to do something, one pays $100 and other _
A
Sells car
