Exam 11: Nature and Classes of Contracts: Contracting on the Internet

A bilateral contract consists of a:

With regard to a unilateral contract,the offeree does not accept the offer by express agreement,but rather by performance.

A person who makes a promise is the promisor,while a person to whom the promise is made is the promisee.

Negotiable instruments are examples of formal contracts.

Quasi-contractual liability will generally be imposed when the cost of performing a contract is greater than had been expected.

In a quasi contract the court seeks to enforce the intentions of the parties contained in the agreement.

An agreement arises when one person,the __________,makes an offer and the other person to whom the offer is made,the __________,accepts.

Negotiable instruments are:

A contract never can be both executory and unilateral.

When purchasing from a website,the website terms generally become the contract of the parties and are legally enforceable.

A contract is a(n)________ agreement for which the _______.:

The elements for a valid contract do NOT include:

The subject matter of a contract can never relate to the performance of personal services.