Exam 13: Introduction to Contracts

The Restatement (Second) of the Law of Contracts is not actually the law itself.

If a[n] _____________ misunderstanding between the parties exists, and as a result of that misunderstanding the parties do not really come to a meeting of the minds, there is no contract.

Harry and Frank are in agreement that Harry will pay Frank $2,000 for a used car. At what point is there a binding contract?

Which of the following is in effect not a contract at all?

A[n] _____________ contract is one that contains all the legal elements of a contract.

"Book Sale." Beverly offered to sell Rick a used business law book for $50. She told him that he could use it in his upcoming business law class the next semester. In fact, there was a problem with the book; it was several editions old. Rick was not aware of that fact, and neither was Beverly. When Rick took the book to class and realized the problem, he went back to Beverly requesting a refund. Beverly refused to return his money. She claimed that subjectively she thought that the book was correct, that she did not commit fraud, and that a binding contract existed. The book, however, is outdated and cannot be appropriately used in the class. -Which of the following is the term representing the $50 to be provided by Rick and the book to be provided by Beverly?

Which of the following is true regarding the type of marriage contract discussed in the text called the muta'a?

In order to recover under quasi-contract, there is no requirement that enrichment be unjust.

Today's law of contracts originated from judicial decisions in ______.

Which of the following is the most likely measure of recovery when a quasi-contract is involved?

Which of the following references the requirement that a contract not be either illegal or against public policy?