Exam 13: The Law of Contracts

__________is a contract in which a party has no real power to decline.

There are three basic types of unconscionable contracts: adhesion,classic frustration,and unconscionable.

An unwritten obligation underlying all contractual agreements is the duty to act

Who can enforce the contract against the party obligated to provide the benefit?

Breach of contract has which three remedies?

__________is the benefit exchanged by each party to a contract.

Which two terms are commonly used in reference to contractual assent by each party?

Which is similar to the impossibility and impracticability rule?

In all contracts,the individuals involved must

A(n) __________ occurs when someone other than the contracted party completes the performance.

__________is that which supports a legally enforceable promise.

Regarding contract law,what does legal capacity mean?

__________is the ability to enter into and be bound by a legal contract.

__________is an agreement finalized by a return promise rather than performance.

Regarding contracts with persons without capacity,the theory of restitution is based on the principle of

When making the interpretation of the terms of the contract,the court will apply which rule?

Who receives benefit from one promisor as satisfaction of an existing debt from another promisor?

__________occurs when a party intentionally misrepresents the quality or value of consideration.

Justified breach is not considered a defense to an allegation of breach of contract.

As a general rule,blanket advertisements are not considered offers in contractual agreements.