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| a type of contract that arises when a promise is given in exchange for a return promise. |
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| an agreement that can be enforced in court; formed by two or more parties, each of whom agrees to perform or to refrain from performing some act now or in the future. |
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| a contract that has been completely performed by both parties |
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| a contract that has not as yet been fully performed. |
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| a contract in which the terms of the agreement are fully and explicitly stated in words, oral or written. |
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| a contract that by law requires a specific form, such as being executed under seal, to be valid. |
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| a contract formed in whole or in part from the conduct of the parties(as opposed to an express contract). Also known as implied contract. |
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| a contract that does not require a specified form or formality in order to be valid. |
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| a person to whom an offer is made |
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| a person who makes an offer. |
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| a person's assurance that he or she will or not do something. |
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| a person to whom a promise is made. |
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| a person who makes a promise. |
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Definition
| literally "as much as he deserves." an expression describing the extent of liability on a contract implied in law (quasi contract). an equitable doctrine based on the concept that one who benefits from another's labor and materials should not be unjustly enriched thereby but should be required to pay a reasonable amount for the benefits received, even absent a contract. |
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| a fictional contract imposed on parties by a court in the interests of fairness and justice; usually, quasi contracts are imposed to avoid the unjust enrichment of one party at the expense of another. |
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| a valid contract rendered unenforceable by some statute or law. |
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Definition
| a contract that results when an offer can only be accepted by the offeree's performance. |
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Definition
| a contract that results when elements necessary for contract formation (agreement consideration, legal purpose, and contractual capacity) are present. |
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| a contact having no legal force or binding effect. |
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Definition
| a contract that may be legally avoided (cancelled, or authorized) at the option of one of the parties. |
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