Exam 8: Contracts: Enforceable Agreements

Adrian sent an offer to Sehar by mail to sell him a used computer monitor for $125.An appropriate response accepting this offer is first effective to form a contract when

An executed contract is one that has been performed by both parties.

An agreement that cannot be enforced is and is not really a contact at all.

consists of two parts: bargained-for exchange and something of legal value.

From the cardholder's point of view there are no differences in the statutory protections available between credit cards and debit cards.

Kay Kirk had paid the outstanding balance on her MasterCard credit card,and had made no further purchases with the card for three months.Then,she was shocked when a statement arrived by mail showing assorted charges on the card for a total of $2,700.She quickly checked her wallet and found her card.Must she pay the $2,700?

Sara Sou is "bearish" and is of the opinion that the price of Muggle Company stock will drop within a few weeks;Stefan Gordon is "bullish" and thinks the price will go up.Sara sells her 1,000 shares of Muggle Co.stock to Stefan for $100 a share.If,within a few weeks,the price of a share of Muggle Co.stock

Andorra orally agrees to work on Brook's farm in the Matanuska Valley near Fairbanks,Alaska. Under their contract,Andorra will remain through two growing seasons,for a period of 15 months.Compensation will be room and board plus $500 paid each month and $50,000 paid at the end of the 15-month term.All goes well for six months,through the first harvest.Then Brook,because of domestic difficulties,sells the farm and fires Andorra.What legal remedy,if any,does Andorra have?

A bargain so unfair to a party that no reasonable or informed person should agree to it and a court may decline to enforce is considered to be a(n).

After a minor becomes an adult failure to within a reasonable by the minor,will turn a into a ..

Which of the below is an example of a novation?

Janquese attended a meeting on March 4,2004,where he met Bradshaw.Janquese orally contracted to hire Bradshaw as a service representative for ten months.Bradshaw was required to begin work on June 26,2004.Before Bradshaw begins performance,

Which of the following choices best completes this sentence? An adhesion contract is one

A "contract under seal" is an example of a formal contract.