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discussed elements would be void, such as any agreement to do somethingillegal.When a party to a contract is able to void or cancel a contract forsome legal reason, it is a voidable contract . It is not void in itself butmay be voided by one or more of the parties. A contract between twominors, for example, could be voidable by either of them.An unenforceable contract is one the court will not uphold,generally because of some rule of law, such as the statute of limitations.If you wait too long to bring a lawsuit for breach of contract, thestatute of limitations may have run its course, making the contractunenforceable.Express or ImpliedAn express contract is stated in words and may be either oral orwritten. An implied contract comes about from the actions of theparties. People often enter into implied contracts without exchanginga single word.Example 1. Herb Schneider wentto a self-service gas station thatrequires payment before the attendantwill turn on the pumps. Hehanded the attendant $10, returnedto his car, pumped $10 worth ofgas into his tank, and drove off.Neither party spoke a single word,yet an implied contract arose fromtheir actions.Bilateral or UnilateralThe word bilateral means twosided.Thus, a bilateral contractcontains two promises. One partypromises to do something in exchangeIMPLIED CONTRACTSAn implied contract can be createdby the action of the parties. Whenyou pump gas at a self-service gasstation, your actions indicate a willingnessto pay for the gas. Whatactions are displayed by the gascompany?Chapter 5: How Contracts Arise 111