Exam3-FC2 - The flashcards are formatted for printing....

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Implied Contract Express Contract
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The contract makes it clear what you want (order meal, four tires, etc). If you perform the offer, you get paid even if you don’t specifically say you’ll perform.
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Implied Contract Express Contract
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Written or oral expression of intent by the parties to enter into a legally binding agreement. Legally binding agreement that arises from the actions rather than the expressions of the parties.
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Unilateral Contract Bilateral Contract
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There’s and offer and acceptance; performance remains, and once it’s completed, you get paid. Don’t respond to offer, so there’s no acceptance; one-sided (can become bilateral through performance).
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Executed; Executory Bilateral; Unilateral
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Contracts are ____ when there is an exchange of promises, but are ____ when there is acceptance by performance. ____ contracts look like bilateral contracts and ____ contracts look like unilateral contracts.
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Executory Contract Executed Contract
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acceptance, but also have performance of
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This note was uploaded on 09/08/2011 for the course BUL 3130 taught by Professor Tessitore during the Summer '08 term at University of Central Florida.

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Exam3-FC2 - The flashcards are formatted for printing....

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