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Unformatted text preview: ← Bilateral contract – I make an offer, and to accept you must promise back. ← 99% of all business contracts are bilateral ← Implied contract – order food, eat food, pay for food. (it was implied that there was an offer and acceptance) ← Void – will not be enforceable (ie. Contract to kill) ← Voidable – ability to be void but it doesn’t have to. Contracts by minors, people who are mentally ill, etc. When the law says there is someone in the situation they want to protect. ← Unenforceable – the courts can’t enforce it. ← Executory contract – offer and performance…however, the contract hasn’t been completed ← Quasi contract – not tested on ← ← ← 30/10/2006 10:08:00 ← 30/10/2006 10:08:00 ←...
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- Winter '08
- Business, 99%, Quasi, bilateral Implied contract