Unilateral and Bilateral Contract

Abstract

In this paper the reader will be able to know the different between express and implied contract, unilateral and bilateral contract, and contract that is void or voidable. You will also know the elements you must place for formation of a contract. In conclusion three examples of valid consideration will be given.

Introduction

What is a contract? Contract a promise or set of promises for reach of which the law gives a remedy, or performance of which the law in ways recognizes as a duty. Contracts are like a set of voluntary promises that the law will enforce for private parties. There are many different types of contracts, and there are differences between the contracts. Explanation of the different types of contracts will be identified below.

Differences

Contracts are sometimes referred to as express or implied. Implied contract is agreement that is formed by nature of the conduct or behavior of a party, rather than words (contract.uslegal.com). Basically in order for this contract to be enforcing legally, and offer has to be made by one party, and acceptance by the other party with a good delivery. This is formed at least in part by the parties conduct.

Express contract is almost like implied contract except this contract neither are written down or signed in a legal format (contract.uslegal.com). Once proven an express term is generally binding upon all who joined in the contract. Two parties explicitly state important terms of their agreements. Express formed by words.

The Difference between implied and express contract like the actions of the parties have no effect on the validity of the contract like something that is on record, or seal. Implied contract like receiving service in any instance you are entering into an implied contract.

Psychodynamic Theory

Next perspective of psychology is psychodynamic. Derived from psychoanalysis and based on a number of key analytical concepts, which is defined as interaction between conscious and unconscious mental states. This affect attitude, personality, and behavior patter in a person (simplypychology.org). This is Freud’s ideas about psychosexual development, defense mechanisms, free association as method of recall, and therapeutic techniques of interpretation including of transference, defenses and dreams. His theory were primarily concerned with internal psychological processes, importance of early childhood experiences, existence of unconscious motivation, existence of ego or rationality and superego (morality); and existence of defense mechanisms