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Types of Contracts

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Unenforceable contract

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Terms in this set (10)

Unenforceable contract

A contract that will not stand up in court, but may still be valid if the parties want to complete performance

A contract with no legal effect, even when all of the essential elements for a contract exist

Voidable contract

A contract that may or may not be enforceable between the parties, and usually means one party did not meet a legal requirement of the agreement

A contract that is binding and enforceable on all concerned parties because it contains all essential contract elements

Unilateral contract

A contract in which only one party makes a promise (to try to get the other party to do something)