Some promises are not legally binding.

If a contractual promise is not fulfilled, the person who made it may be required to perform the promised act.

The intention to enter into a con¬tract is judged by outward, objective facts as interpreted by a reasonable person.

The only requirement of a valid contract is that it be voluntarily entered into.

Every contract involves at least three parties.

Every contract involves at least three parties.

A unilateral contract is formed when the one receiving the offer com¬pletes the re¬quested act or performance.

No offer may be revoked before it is accepted.

Informal contracts are usually based on their sub¬stance rather than their form.

An executed contract is one that has been fully performed.

A quasi contract is a fictional contract.

A void contract is enforceable if it is in writing.

The doctrine of quasi contract can be used only when there is an actual con-tract that covers the matter in controversy.

A reasonable, lawful, and effective meaning will normally be given to all of a contract’s terms.

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