Business Law

Contracts dasaalels 2. An agreement with no legal effect is atn)--contract. 7. In act. (n) contract, there are mutual exchanges of promises to perform sone future 9. A contract in which the terms have not been fully carried out by all parties. 11. A legally enforceable agreement between two or more competent people . If one party breaches the contract, the other party may be able to recover money, called An agreement that would be enforceable, but because of the circumstances of one party, one or both parties may set it aside. 3. A(n) parties do. 4. In a 5. One of the parties to the contract fails to do what the contract requires them to do 6. A(n) contract is a contract with the terms of the agreement implied by what the contract, an act is done in consideration for a promise. contract is a contract with the terms of the agreement specified in words. contract is not a true contract because there was no agreement. Instead, the court will impose rights and obligations on a party based on tairness. 10. A contract that has been fully-performed by all parties to the agreement