Exam 9: Introduction to Contracts

What is the doctrine of promissory estoppel,and when is it used?

A noncontractual promise may be enforceable where there has been justifiable reliance on the promise.

A contract for the sale of a copyright is governed by Article 2 of the Uniform Commercial Code.

George has been declared incompetent by the court and is under the care of his sister.Unknown to his sister,George rents the 10,000-seat civic center for his birthday party.George's contract to rent the civic center is best described as:

What is the difference between a valid contract and a void contract?

During the twentieth century it became easier to enter into a contract as well as to get out of one.

The difference between an express contract and an implied in fact contract is the manner in which the parties manifest assent.

According to the UCC,an enforceable agreement involving the transfer of title of goods from a seller to a buyer for a price is called a(n):

"I promise to pay you $100 if you will promise to fix my car next month." This is an offer for a unilateral contract.

Contracts are governed primarily by statute,including the UCC.

The Weichert Co.Realtors v.Ryan case found that the parties formed an express contract by mutually manifesting assent to the essential terms.

What are the essential elements of a contract? List and discuss them.

The requirement that each party to a contract must intentionally exchange something of value as an inducement to the other party to make a return exchange is known as:

Byron and Merv enter a contract for the sale of a computer.If Merv breaches the contract and Byron waits until the time specified in the statute of limitations has passed,the contract is now: