Exam 15: Contracts and Intellectual Property Law

Simon has a patent on a new device he invented. Simon's patent is an example of which of the following?

Matthew tells Jake that he will buy Jake's car for some money next month. Which of the following choices is correct?

When using online contract forms, it is important to

A contract to do something that is prohibited by federal or state statutory law-such as the sale of a kidney to another person-fails to satisfy one of the four basic requirements for a valid contract, which is known as

Ray sells Michelle his baseball card collection for $100. Later, Ray looks up some of his cards on a baseball card website and finds out that his collection was really worth $500. Ray has made a mistake of

Failure of a party to a contract to perform the obligations assumed in the contract is called

In contract law, the terms of the offer must be accepted exactly as stated by the offeror and must be unequivocal. This is known as which of the following?

List and define the defenses to a breach-of-contract action. Give examples of the use of each defense.

Failure to perform contractual duties as promised results in which of the following?

Which rule provides that an acceptance of an offer takes effect at the time it is communicated via the mode expressly or impliedly authorized by the offeror, rather than at the time it is actually received by the offeror?

What types of tasks do paralegals specializing in contract law perform?

Under the doctrine of promissory estoppel, a contract may be enforced even though it is not supported by

Property that consists of the products that result from a person's intellectual, creative processes, such as literary works, artistic works, or computer software are referred to as which of the following?

When an offeror withdraws the offer before it has been accepted, the offer has been

To date, the Uniform Electronic Transactions Act (UETA) has been adopted, at least in part, by more than ________sates.

Impossibility of performance will not occur if

What does "adequacy of consideration" mean in contract law? Do courts care if consideration is adequate?

Erin and Matt are writing their prenuptial agreements. According to the Statute of Frauds, the contract

In order to assert the doctrine of promissory estoppel, which of the following elements is required?

A(n)_______ agreement is an agreement whose terms are expressed in a document located inside the box in which the goods (usually software) are packaged.