5 Written Questions

1. 1. if possible will give reasonable/lawful/effective meaning to all terms, 2. seen as whole-intent, 3. words given ordinary meanings
2. has elements necessary to entitle one party to enforce in court
3. pay reasonable value of the service-describes extent of compensation owed
4. promise to perform "promise for a promise", exists the moment the promise is made
5. all others, no special requirements, based on substance

5 Matching Questions

1. quasi contracts
2. extrinsic evidence
3. unilateral contract
4. void contract
5. executed contract

1. a accepted only after completing performance "promise for an act", exists when performed (ex: contests, lottery). PROBLEM: promisor tries revoking offer after promisee already performing but hasn't completed, even though hasn't been accepted (completed) can't revoke it
2. b evidence not in document itself
3. c "implied in law"-NOT actual contracts, fictional, created by courts for EQUITY, prevent unjust enrichment-quantum meruit
4. d NO contract
5. e fully performed on both sides

5 Multiple Choice Questions

1. can't enforce because legal defenses against it, valid but unenforceable by a statute or law
   1. voidable contract
   2. unilateral contract
   3. unenforceable contract
   4. informal contracts
2. provides stability, predictability, certainty for buyers/sellers
   1. valid contract
   2. void contract
   3. contract law
   4. contract
3. determines INTENT, party's intention to enter contract judged by outward/objective facts interpreted by a reasonable person
   1. objective theory of contracts
   2. executory contract
   3. bilateral contract
   4. unilateral contract
4. 1. Make an OFFER (agreement) 2. ACCEPTANCE 3. CONSIDERATION (something of value, payment, promises made) 4. contractual capacity - law recognizes them as competent parties 5. legality-legal purpose to accomplish a goal
   
   genuine assent of both parties in a form the law requires
   1. formal contracts
   2. to form a contract need:
   3. informal contracts
   4. voidable contract
5. require special form/method of creation to be enforceable
   1. formal contracts
   2. informal contracts
   3. express contracts
   4. voidable contract

5 True/False Questions

1. implied in fact contract → has elements necessary to entitle one party to enforce in court

   True        False

2. voidable contract → NO contract

   True        False

3. express contracts → terms fully/explicitly written/stated (ex: leases)

   True        False

4. plain meaning rule → meaning taken from obvious interpretation of actual document

   True        False

5. contract → provides stability, predictability, certainty for buyers/sellers

   True        False