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A contract is formed when two parties promise to perform an act in the future?
Published May 4, 2011
Question by sabrina r: A contract is formed when two parties promise to perform an act in the future?
A contract is formed when two parties promise to perform an act in the future.
True
false
Best answer:
Answer by STEVEN F
BOTH. In addition to the promise to perform some act in the future, some form of ‘consideration’ is required to form a contract. If this is a homework question, the answer should be false.
What do you think? Answer below!