Unformatted text preview: Express Contract- a contract that uses Every single term on the Implied Contract- Eat food- then go to the register and pay. Custom in the industry is 2 pay after, “implied contract” Chapter 7 Book Notes The Contracting party who makes a promise is know as the Promisor. Who the promise is mad to is the promisee Party who is obligated to deliver on a promise or undertake some act of performance is called the obligor . The contracting part to whom this part owes an obligation is called the obligee ....
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- Spring '09
- unequal bargaining power, contract Bilateral Contract, Implied Contract- Eat, Unilateral Contract- Perfrom, promisee Party