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GBU 204 Exam 3
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A legally enforceable exchange of promises or an exchange of a promise for an act.
Contract
An exchange of a promise for an act.
Unilateral Contract
Exchange of one promise for another promise.
Bilateral Contract
An exchange of oral or written promises between parties, which are enforceable in a court of law.
Express Contract
Established by the conduct of a party rather than by the paty's written or spoken words.
Implied Contract
Author
xSLYx
ID
50038
Card Set
GBU 204 Exam 3
Description
GBU 204 Exam 3: Ch. 10-12, 16
Updated
2010-11-17T00:35:20Z
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