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Law
Contracts Law
Types of Contracts
Bilateral and Unilateral Contracts
Bilateral Contracts
Definition and Characteristics
Offer and Acceptance in Bilateral Contracts
Examples and Common Uses
Unilateral Contracts
Definition and Characteristics
Formation and Acceptance
Typical Scenarios and Examples
Express and Implied Contracts
Express Contracts
Definition and Characteristics
Oral vs. Written Express Contracts
Importance of Clear Terms
Implied Contracts
Definition and Characteristics
Implied-in-Fact vs. Implied-in-Law Contracts
Circumstances for Implication
Quasi-Contracts and Judicial Remedies
Executory and Executed Contracts
Executory Contracts
Definition and Characteristics
Importance in Transactions
Examples of Executory Contracts
Executed Contracts
Definition and Characteristics
Timing of Performance Fulfillment
Common Situations and Examples
Valid, Void, Voidable, and Unenforceable Contracts
Valid Contracts
Essential Elements for Validity
Example Situations
Void Contracts
Definition and Examples
Causes of Voidness
Voidable Contracts
Definition and Characteristics
Parties' Rights and Options
Common Grounds for Voidability
Unenforceable Contracts
Definition and Factors Leading to Unenforceability
Examples and Legal Ramifications
Formal and Informal Contracts
Formal Contracts
Definition and Legal Requirements
Examples of Formal Contracts
The Role of Form and Substance
Informal Contracts
Definition and Examples
Flexibility and Binding Nature
Written vs. Oral Informal Agreements
Special Considerations in Types of Contracts
Standard Form Contracts
Characteristics and Examples
Legal Issues and Enforceability
Adhesion Contracts
Nature and Examples
Issues of Fairness and Legal Scrutiny
Consumer Contracts
Key Characteristics and Consumer Protections
Examples in Day-to-Day Transactions
2. Fundamental Elements of a Contract
First Page
4. Contract Formation