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Unformatted text preview: of the parties. expressed means oral or written. 4. buying goods in most stores constitute implied contracts since there are no negotiation of terms. paying for gas with a credit card at the pump is an implied contract. leaving your clothes at a cleaners without discussing price is an implied contract. buying at a vending machine is an implied contract. 5. Which element (requirement) of a contract applies only to written contracts? Signature ALL OTHER ELEMENTS (REQUIREMENTS) APPLY TO ALL CONTRACTS. Otherwise they would not be a contact. 6. How can a contract be void? Voidable? It is void when it does not meet ALL requirements. It is voidable when one party has the right to void it because that party is incompetent. Minors can void all their contracts except those pertaining to their business or to buy necessaries....
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This note was uploaded on 11/18/2011 for the course BUS 121 taught by Professor Smith during the Spring '10 term at Lander.
- Spring '10
- Business Law