Exam 13: Practical Contracts

Ralph is a professional football player. He signs a valid contract with the Miami Dolphins. Later, he claims that he was also promised free use of the Dolphins' private jet, but this was not in the contract. What type of clause in his contract would prevent him from flying away with this claim?

Which of the following is a standard provision frequently found in contracts?

Identify and explain at least four situations where a written contract is either necessary or recommended.

In business law, a lawyer's primary job is to represent the client in contract litigation.

Outline the parts of a typical contract.

Which of the following generally is NOT in the introductory paragraph of a contract?

When a party to a contract fails to fulfill all of her promises, she has breached the contract. What will a court look at in responding to a breach of contract?

When a provision to a contract is accidentally unclear, it is called

Ricardo has agreed to sell his family farm to Walter for a price of $450,000. Even though both sides agree on the terms, it is still worth the money for Ricardo to hire a lawyer to write the contract.

Which of the following guidelines applies to writing the title of a contract?

Bob, a house painter, contracts with Ollie to paint a rental house that Ollie owns. Bob hires Rob to take his place as the painter on this contract. What has Bob done?

In a contract modification, the phrase "charged with such amendment" refers to

It is unethical to use your lawyer as an excuse for a provision of a contract, such as, "My lawyer insists that I have a liquidated damages clause..."

Outline the focused, multi-step process recommended for reading a contract before you agree to it.

Marsha and Antonio make a contract in which Marsha agrees to sell Antonio an expensive and rare piece of art. In the contract, Marsha states that she has the authority to enter into an agreement with Antonio, that she owns the piece of art, and that the art is authentic and not a forgery. These statements are examples of

In the case of a typo, a court will reform a contract if there is clear and convincing evidence that the alleged mistake does not actually reflect the true intent of the parties.

Which of the following is NOT one of the three ways to amend a written contract?

Some contracting parties are intentionally vague in contract terms.

The legal term for a promise in a contract is "provision."

Ambiguities in contracts are always interpreted in favor of the party who wrote the contract, since he or she is the one who knows what the provision is supposed to mean.