A contract is formed when two parties promise to perform a future act.
Correct Answer:
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Q1: Informal contracts are usually based on substance
Q3: A promise is an assertion that one
Q4: A promisee is a person who makes
Q6: A contract is an agreement that can
Q7: Under the objective theory of contracts,the intention
Q8: An offer to form a bilateral contract
Q8: An agreement includes an offer and an
Q9: Three elements-agreement,consideration,and contractual capacity-are suf?ficient to form
Q13: A contract under seal is a formal
Q14: Contract disputes rarely arise on a promise
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