GBU 204 Exam 3

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Author:
xSLYx
ID:
50038
Filename:
GBU 204 Exam 3
Updated:
2010-11-16 19:35:20
Tags:
legal business gbu
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Description:
GBU 204 Exam 3: Ch. 10-12, 16
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  1. A legally enforceable exchange of promises or an exchange of a promise for an act.
    Contract
  2. An exchange of a promise for an act.
    Unilateral Contract
  3. Exchange of one promise for another promise.
    Bilateral Contract
  4. An exchange of oral or written promises between parties, which are enforceable in a court of law.
    Express Contract
  5. Established by the conduct of a party rather than by the paty's written or spoken words.
    Implied Contract

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