Exam 9: Introduction to Contracts

A(n)________ contract is a contract where its terms are included as a hyperlink on a page,and the indication of agreement is purportedly the use of the product or service.

________ is the ability to incur legal obligations and acquire legal rights.

Aaron promises to sell his boat to Matt,and Matt promises to buy it from Aaron.What type of contract is this?

Which types of transactions are governed by the Uniform Commercial Code?

A contract is ________ when all of the parties have fully performed their contractual duties.

The UCC differs from the common law of contracts in that the UCC:

A contract in which one or more of the parties have the legal right to cancel their obligations under the contract is called a(n):

Which of the following is not an element of promissory estoppel?

________ is the idea that contracts should be enforced because they are the products of the free wills of their creators,who should,within broad limits,be free to determine the extent of their obligations.

A(n)________ is a proposal by one person to another that is intended to create legal relations on acceptance by the person to whom it is made.

John,a house painter,enters into a contract with Robert under which he promises to paint Robert's house for which Robert promises to pay $1,000 upon completion of the work.John mistakenly paints Mary's house next door.Mary returns from vacation,surprised to see her house beautifully painted.John asks Mary to pay for the work.Mary refuses.Under what theory may John attempt to recover from Mary? Will he be successful? Explain.

The Code empowers courts to deal fairly with a contract that is grossly unfair or one-sided by recognizing the concept of:

Dawson entered into a contract with Jensen for the sale of Dawson's boat.Which set of legal rules governs this transaction?

Mr.White enters into a contract to sell a car to Joe Jr.who is 15 years old and is considered a minor in the state where he lives.What is the status of the contract that Mr.White and Joe Jr.entered into?

The essence of a contract is that it is a legally enforceable promise or set of promises.

An oral contract that is covered by the statute of frauds is:

In Audio Visual Artistry v.Tanzer,the case in the text,the court looked to the factors discussed in the Pass case when it applied the predominant purpose test.Which of the following was not one of those factors?

Contracts are typically between one party and:

Which of the following is NOT covered by Article 2 of the UCC?

The rules promulgated by the Restatement (Second)of Contracts often resemble the rules created by Article 2 of the UCC.