| A | B |
|---|
| sale | a transfer of ownership for a price |
| offerer | a person who makes an offer |
| bilateral contract | a promise in exchange for a promise |
| goods | tangible personal property |
| express contract | contract stated in oral or written terms |
| promisor | a person who makes a promise |
| quasi contract | contract to prevent unjust enrichment |
| unilateral | a promise in exchange for an act |
| offeree | a person to whom an offer is made |
| promisee | a person to whom a promise is made |
| consideration | something of value given or promised |
| formal | a contract requiring a special form |
| executed contract | a contract that has been fully performed by all parties |
| voidable | a contract giving one party the right to cancel |
| unenforceable contract | a valid contract that cannot be enforced |
