Exam 8: Introduction to Contract Law

The Convention on Contracts for the International Sale of Goods has been adopted by more than 40 countries excluding the United States.

The most important source of contract law is _____.

Before uniform traffic laws were adopted, the rule for motorists driving "horseless carriages" was, be careful, and stay to the right. As judges determined what was "careful" under the circumstances presented to them, they were developing what kind of law?

Which of the following is an example of a valid contract?

_____ is the degree to which a contract agreement is manifest to those not party to it.

In Roger's Backhoe Services, Inc. v. Nichols, which dimension of the contract was affected?

Robert bought tickets on ClearCloud Airlines for a four-hour domestic flight, and in doing so online checked the "I agree" box that listed various airline rules regarding baggage allowances, refunds for missed flights and, relevant here, a provision providing that passengers might be involuntarily "bumped"-required to surrender their seat-at the airlines discretion. ClearCloud indeed bumped Robert, who protested. He was forcibly removed from the plane. He protested that he'd paid for his seat and was contractually entitled to it. What word or term describes the airline's successful argument?

Walter Boyd had several times been hospitalized for alcoholism. While he was at home, in bed, in an alcoholic stupor, his son Conrad asked him to co-sign on a promissory note so Conrad could finance a remodeling of his restaurant. Conrad failed to make timely payments; Bank-the creditor-said it would foreclose on the restaurant mortgage unless at least interest payments were made. Conrad again approached his father who was now sober and the older man wrote a check for the interest owing. Conrad subsequently declared bankruptcy and Bank turned to Walter for payment. Walter's contract is

Zachary graduated from college and sold most of the contents of his apartment to Sally. What law governs the contract the parties made?

The Restatement of the Law of Contracts deals with the sale of goods.

Not all rights are extinguished because a contract is unenforceable.