Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.

Remove ads
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards




share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

B Law Unit 1 Ch 9

TermDefinition
promise A declaration that binds a person who makes it to do or not to do a certain act.
promisor A person who makes a promise.
promisee A person to whom a promise is made.
contract A set of promises constituting an agreement between parties, giving each a legal duty to the other and also the right to seek a remedy for the breach of the promises or duties.
objective theory of contracts The view that contracting parties shall only be bound by terms that can objectively be inferred from promises made.
offeror A person who makes an offer.
offeree A person to whom an offer is made.
bilateral contract A type of contract that arises when a promise is given in exchange for a return promise.
unilateral contract A contract that results when an offer can be accepted only by the offeree’s performance.
formal contract An agreement that by law requires a specific form for its validity.
informal contract A contract that does not require a specific form or method of creation to be valid.
express contract A contract in which the terms of the agreement are stated in words, oral or written.
implied contract A contract formed in whole or in part from the conduct of the parties.
executed contract A contract that has been fully performed by both parties.
executory contract A contract that has not yet been fully performed.
valid contract A contract that results when the elements necessary for contract formation (agreement, consideration, legal purpose, and contractual capacity) are present.
voidable contract A contract that may be legally avoided at the option of one or both of the parties.
unenforceable contract A valid contract rendered unenforceable by some statute or law.
void contract A contract having no legal force or binding effect.
quasi contract An obligation or contract imposed by law (a court), in the absence of an agreement, to prevent the unjust enrichment of one party.
Created by: leighg2011