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Business Law Flashcards 4.01
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9
Business
12th Grade
10/10/2012

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Cards

Term
Bilateral
Definition
Contains two promises
Term
Contract
Definition
Any agreement enforceable by law
Term
Express
Definition
Stated in words (oral and written)
Term
Implied
Definition
Comes about by actions with no words
Term
Unenforceable
Definition
Court will not uphold due to some rule of law
Term
Unilateral
Definition
Contains one promise
Term
Valid
Definition
Legally good
Term
Void
Definition
No legal effect
Term
Voidable
Definition
Party is able to void contract
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