Section 2 Flashcards
0
Q
Contract
A
A set of voluntary promises enforced by law. Parties can agree or disagree on terms
1
Q
Civil Law
A
Cases that involve almost every phase of daily life
2
Q
Expressed contract
A
Terms are specifically stated by parties, usually writing
3
Q
Implied contract
A
Terms are not stated but can be inferred from what people do and circumstances
4
Q
Real property
A
Land and whatever is attached or growing on it
5
Q
Personal property
A
All other property, including movable items like clothes cars and intangible items like stocks and bonds
