Exam 9: Introduction to Contracts

Ms.White hired Mr.Blue to steal from Ms.Yellow.Ms.White is upset with how everything turned out and wants to sue Mr.Blue for breach of contract.But the court will refuse to recognize the contract and subsequently a breach of it because the contract is void.

A contract that "shocks the conscience of the court" is:

An executed contract is one that has been:

The ________ of contracts is court-made law that is in a constant state of evolution.

Fun Foods fraudulently induces Holly to buy a household products franchise by grossly misstating the average revenues of its franchisees.She discovers the misrepresentation after she resold some products that she received but before she has paid Fun Foods for the products.Holly wants to cancel the franchise contract on the basis of fraud.What is the remedy available to her?

Jimmy and Pat had a long-standing professional relationship.In 2001,Jimmy's business began experiencing financial strain.The two friends discussed Jimmy's personal problems and financial difficulties,and Pat was concerned about his friend's depressed mental state.In 2003,Pat flew from Atlanta to New York to meet with Jimmy.Prior to Pat's flight,Jimmy's employee faxed copies of various construction contracts and correspondence relating to Jimmy's controversial projects for Pat to review.In late 2005,Pat billed Jimmy for a $40,000 balance that Jimmy owed on the alleged oral contract for consulting services.In a letter to Pat,Jimmy stated: "I have paid you plenty and will not pay you any more.I have not called for any professional advice since then." Pat filed suit against Jimmy for breach of contract.Will Pat succeed?

Why was the emergence of large corporations so important in shaping the 20th century contract law?

Pratt,an owner of an appliance store,has a garage sale at his home where he sells old furniture and books.He sells a set of books to his neighbor,Stacey.Pratt is considered a merchant under Article 2 of the UCC in selling the books to Stacey.

If no Code rule applies to an issue regarding a sale of goods contract,the common law rules apply.

To qualify as a contract,a set of promises must be based on a voluntary agreement,which is made up of an offer and a(n)________ of that offer.