The purpose of contract needs to be for a lawful purpose.

_________________ is the legal ability to enter into a contract, so minors and those with mental impairments lack it.

A contract is _______________ when it has been made but one or more parties have not yet fulfilled their obligations.

In an express contract, the two parties state all the important terms of their agreement.

In order for _______________ to be present in a contract, the offeree must say or do something to accept.

“I'll pay you $2 million to star in my new romantic comedy, which we are shooting three months from now in Santa Fe.” Gloria says, “It’s a deal.” This is an example of _____________ contract.

A Valid contract is one that satisfies all of the law’s requirements.

A voidable contract is one that neither party can enforce, usually because the purpose of the deal is illegal or because one of the parties had no legal authority to make a contract.

Fraud, Mistake and Duress are three claims that can be used to void contracts based on the lack of valid _______________.

In an implied contract, the words and conduct of the parties indicate that they intended an agreement.

Some types contracts cannot be enforced if they are not in ___________.

When Gloria finishes acting in the movie and the producer pays her final fee, their contract will be fully executed.

In a _______________contract, one party makes a promise that the other party can accept only by actually doing something.

An unenforceable agreement occurs when the parties intend to form a valid bargain, but a court declares that some rule of law prevents enforcing it.

_____________________ is the central idea that both parties in a contract need to benefit from it.

A ____________ contract occurs when one of the parties commits fraud, or when an agreement has been signed under duress.

A quasi contract is the idea that a promise can be enforced by the law if, after relying on that promise, the promisee is injured or suffers a resulting loss.

Promissory estoppel is a contract that is created by a court order, not by an agreement made by the parties to the contract.

Offers can be terminated by revocation, rejection, expiration, and operation of law.