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Does consideration have to be exchanged by both parties when a contract is made?

Not necessarily. Sometimes in a contract for sale or purchase, a down payment is accepted as "consideration," but other types of contracts do not require any such offering.


What are the types of consideration?

http://www.lawyer-locater.com/Business/Contracts/125/


What is the difference between implied terms in fact and implied terms in law in a contract?

Implied terms in fact are not expressly stated in the contract but are understood by both parties based on the circumstances. Implied terms in law are automatically included in certain types of contracts by law, regardless of what the parties may have intended.


What different types of contracts are available from ATandT for a Blackberry?

There are several different types of contracts available from AT&T for a Blackberry. AT&T offers yearly contracts for a Blackberry, as well as monthly.


How many types of business contracts are there?

18


Are contracts invalid if not signed or written?

In general, contracts do not need to be signed to be valid, but a written contract is typically required for certain types of agreements like real estate transactions or contracts lasting longer than one year. Oral contracts can be legally binding as long as all other elements of a contract are present. However, having a signed, written contract helps provide clarity and evidence of the agreement reached by the parties involved.


What types of contracts are there for dancers?

There are different kinds wherever you decide to go. Some places have paid trainee contracts. There are also apprentice contracts and half/full season company contracts.


What are the two types of contracts?

Concentric and eccentric movements.


Explain the different type of consideration in law?

The two types of consideration are executory and executed consideration. Executor consideration happens when promise to perform the act is in the future. On the other hand, executed consideration takes place when the promise of an act is already completed.


What parties have there been on Club Penguin?

Their have been Drama parties, Theater parties, Babysitting parties, Birthday parties, and parties that only members can join. Of course, these types of parties are thrown in penguin igloos.


What types of contracts must be in writing?

Contracts that involve the sale or transfer of land, contracts that cannot be completed within one year, contracts for the sale of goods over a certain value, and contracts for the payment of another person's debt must be in writing to be enforceable.


What are spy options 1256 contracts and how do they differ from other types of options contracts?

Spy options 1256 contracts are options contracts based on the SPDR SP 500 ETF Trust (SPY) that fall under Section 1256 of the Internal Revenue Code. These contracts differ from other types of options contracts in that they are subject to different tax treatment, with potential benefits such as a lower tax rate on gains and the ability to carry losses back to previous years.