Express Agreement - Clearly stated - may be orally or in writing, Bilateral Agreement - 2 or more parties agree to do or not to do something, Executed Agreement - An agreement that has been fully performed, Executory Agreement - An agreement that still has promises/acts left to filful, Addenda - Adds to and becomes part of the offer to purchase and, upon acceptance, the contract, Amendment - Changes a term of the original contract, Valid - Fully enforceable in a court of law, Consideration - Any thing of value, Specific Performance - Injured party seeks the breaching party to do what they were contracted to do, Recission - Declares contract invalid. Returns parties to the position they were in before contract formation,

Post 302 - Chapter 10

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