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    Comparing Contract Concepts

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    Compare and contrast the following concepts:

    Binding and nonbinding promises
    Bilateral and unilateral contracts
    Contracts and quasi-contracts
    Offer and acceptance
    Offer and counteroffer
    Monetary damages and equitable relief
    Adjudicated insane and insane in fact

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    Solution Summary

    This solution compares and contrasts the following concepts: binding and nonbinding promises; bilateral and unilateral contracts; contracts and quasi-contracts; offer and acceptance; offer and counteroffer; monetary damages and equitable relief and adjudicated insane and insane in fact