Formation of contract

What is a contract?

• A type of clothing
• A form of transportation
• A type of fruit
• A legally binding agreement between two or more parties.

What is an express contract?

• A legally binding agreement created through explicit language, either written or oral, between the parties involved.
• An agreement created through implicit language
• A contract that is not legally binding
• A contract that can only be written

What is an implied contract?

• An implied contract is a legally binding agreement that is inferred from the conduct of the parties involved, rather than being explicitly stated in writing or verbally.
• A contract that is based on verbal agreements
• A contract that is signed by only one party
• A contract that is only valid on weekends

What is a quasi contract?

• A quasi contract is a verbal agreement between two parties.
• A quasi contract is a contract that is legally binding.
• A quasi contract is one that is imposed by the court to prevent unjust enrichment

• A quasi contract is a written agreement between two parties.

What is a bilateral contract?

• A bilateral contract is a type of agreement where the promises made are not reciprocal.
• A bilateral contract is a type of agreement where both parties involved make promises to each other.
• A bilateral contract is a type of agreement where the terms are not legally binding.
• A bilateral contract is a type of agreement where only one party makes a promise.

What is a unilateral contract?

• A unilateral contract is a contract where only one party makes a promise or undertakes a performance.
• A unilateral contract is a contract where both parties make promises.
• A unilateral contract is a contract where one party can revoke their promise at any time.
• A unilateral contract is a contract where both parties must fulfill their obligations simultaneously.