IMPLIED-IN-FACT CONTRACT

A contract in which the promises of the parties are inferred from their actions as opposed to specific words.

 

 

OPERATION OF LAW

A manner in which rights and obligations devolve on a person without the act or cooperation of the party himself or herself.

 

 

PROMISOR

The one who gives consideration in a bilateral contract.

 

 

UNILATERAL CONTRACT

A promise for an act.

 

 

VOIDABLE CONTRACT

A contract that one party may avoid at his or her option without being in breach of contract.