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Characteristics of Contracts

AB
Genuine AgreementOffer and acceptance go together
LegalityIllegal contract
VoidNo legal force
CapacityExcuse for minors
ValidLegally good
VoidableCan be voided by one party
UnenforceableCannot be enforced
ImpliedContract comes from actions
BilateralTwo promises
ConsiderationSomething of value is exchanged
UnilateralOne promise
AcceptanceAgreement
ExpressContract stated in words
OfferProposal


Business Marketing Teacher, Career Technical Education
CENTRAL CABARRUS HIGH SCHOOL
Concord, NC

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