Exam 10: B: Nature and Terminology

A void contract is enforceable if it is in writing.

A check is a formal contract.

An executed contract is one that has been fully performed.

The only requirement of a valid contract is that it be voluntarily entered into.

Plain language laws regulate some types of contracts to require "legalese."

Opie offers to sell his guitar to Pinky for $100.Pinky agrees.They complete and sign a printed form,and Pinky gives Opie a check for the price.This check is

Every contract involves at least three parties.

An express contract must be in writing.

Mona asserts that a deal she entered into with Nate is an unenforce?able contract.Defenses to the enforcement of a contract include

Expert Pavers,Inc. ,contracts with Fabricated Building Corporation to repave Fabricated's parking lot for which Fabricated agrees to pay.The elements of this,and any other,contract include

No offer may be revoked before it is accepted.

Green Grocers,Inc. ,enters into a contract with Hiway Transport Company for the deliv?ery of a shipment of fresh produce.In a later dispute between these parties over the delivery,the doctrine of quasi contract cannot be used because

National Grocers,Inc. ,enters into a contract with Overland Shipping Company for the de?livery of a shipment of fresh produce.If ambiguities appear in the con?tract,they will be construed against

If a contractual promise is not fulfilled,the person who made it may be required to perform the promised act.

Freida and Gail enter into a bilateral contract,which is created when Freida gives a promise in exchange for Gail's

Phil enters into a contract with Quality Resorts,Inc. ,to work as a chef.Under the plain meaning rule,the meaning of this contract must be de?ter?mined by reference to

On behalf of the jazz group Synco-Passion,their manager Raul agrees to a performance in the Quay Club on May 1.Portia,acting for Quay Club,sends a written copy of the agreement to Raul to be signed.Typically,businesspersons put their contracts in writing to

Phil agrees to work for Vacation Resorts,Inc. ,as a chef.In determining whether a contract has been formed,an element of prime importance is

Informal contracts are usually based on their sub?stance rather than their form.

A unilateral contract is formed when the one receiving the offer com?pletes the re?quested act or performance.