Not yet onewered Marked out of nog Match the torm to the correct definition Express Contract Choose Unilator Choose question Void Quiz naviga Finish oftamet Contrac A contract that is not legally binding as one of the essential 5 elements has not been satisfied. Contract is treated as though it was never formed. A contract under seal Can be in writing or verbal but the parties must have expressly stated the terms of their agreeemnt Volid co A contract where all 5 elements (consensus, consideration, capacity, legality and intention) have been met Simple Can be inferred from the parties actions, le. Deposting money into a vending machine Contro A contract not under seal Contrac All 5 elements of the contract have been satisfied but one of the parties has a reason to set it aside Implied The contract automatically comes into force by performance le. A person offers a reaward for the return of a lost item Contract is created when the item is returned Contra Both parties have to make commitments and assume obligations Formal Contract Choose.. Bilateral Contract Choose.. Voidable Choose..