CHAPTER 4 WHAT IS A CONTRACT?( types of contracts
implied
A man went to a ski resort and paid 50 dollars for a lift ticket. The cashier took the money and gave him a lift ticket. The man skied at the resort all day.
bilateral, express, implied, oral, uneforceable, unilateral, valid, void, written
What are the different types of contracts
oral, express, unilateral
artist asks if her paintings have been sold. Gallery owner agrees to something and send them back
unenforceable
a local government agency needs to purchase 35 new road signs. the agency is required by law to get three bid for contracts. A sign manufacturer guarantees the agency that it will match or beat any price given by its competitors. The agency that it will match or beat any price given by its competitors. The agency buys the signs from this manufacturer without getting other bids
expressed, unilateral, written
a women asks a contractor to replace her driveway. The contractor gives her an estimate and a contract. The woman agrees and signs