chapter 10
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| What is a bilateral contract? | When both parties make a promise (to do something) to each other
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| What is a unilateral contract? | One party makes a promise to the other that the other party can accept only by doing something specific
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| What is an Express contract? | the two parties to the contract explicitly state all of the important terms of their agreement
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| What is an implied contract? | the words and the conduct of the parties indicate that the parties intended to make an agreement
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| What is an executory contract? | when one or more parties has not fulfilled its obligations under the contract
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| What is an executed contract? | when all parties to the contract have fulfilled their obligations under the contract
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| What is the quasi contract theory? | A fictional contract imposed on parties by a court in the interests of fairness and justice; to prevent unfair enrichment of one party at the expense of another
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| Examples of Promissory estoppel | The defendant made a promise knowing that the plaintiff would likely rely on it.
The plaintiff did rely on the promise
The only way to avoid injustice is to enforce the promise.
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Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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