1Define the Following Terms
Contract
A promise
An Agreement
Formal Contract
Voided Contract
Auctions
Lapse of Time
Performance of Legal Duty
Conditional Promise
Illusory and Alternative Promises
Contract without Considerations
Option Contract
2.Define the Following Terms
Contract of Executor or Administrator
Requirement of Suretyship
Novation
Promise to a Sign a Written Contract of Suretyship
Mistake
Misrepresentation
Cure of Change of Circumstances
Reliance on Assertions of Opinions
Duress and Undue Influence
Unenforceability
Restraint of Trade
Interpretation of Promise or Agreement