A contract is a mere promise between two or more persons who have the capacity to contract.
Correct Answer:
Verified
Q8: In a bilateral contract, the offeree's promise
Q9: Voidable contracts are legal agreements that lack
Q10: The initial step toward forming a contract
Q11: Each party to a contract obtains both
Q12: An implied contract in fact is one
Q14: An informal contract should include
A) the names
Q15: A voidable contract is completely enforceable against
Q16: Four essential elements are necessary to create
Q17: A quasi contract is not a real
Q18: An executory contract is one that has
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