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Unformatted text preview: • implied in fact contract- a contract in which the agreement of the parties is inferred from their contract • bilateral contract- a contract in which both parties exchange promises • unilateral contract- a contract in which only one party makes a promise • valid contract- one that meets all the requirements of a binding contract • void contract- no contract at all • voidable contract- a contract capable of being made void Promissory Estoppel • promissory estoppel- a doctrine enforcing some noncontractual promises • a promise made under circumstances that should lead the promise reasonably to expect that the promise would induce the promise to take definite and substantial action, and the promise dues take such action...
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- Spring '11
- State Common Law, public policy Capacity, return exchange Legality, binding contract void