Not all promises are contracts a voidable contract is one, Operation Management

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Not all promises are contracts a voidable contract is one

1. Not all promises are contracts. True or False

2. The United Nations Convention on Contracts for the International Sale of Goods applies to any party, be it a merchant or a nonmerchant.

True or False

3. A voidable contract is one that may be canceled by only one of the parties

True or False

4. What is the difference between a unilateral and a bilateral contract ?

short-answer

5. Explain the concept of promissory estoppels.

short-answer

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