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of 28 available terms

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5 Written Questions

5 Matching Questions

  1. Anticipatory Breach
  2. Offer
  3. Implied Contract
  4. Competent
  5. Meeting of the Minds
  1. a
    The mutual assent of the parties to a contract with respect to all the prinicipal terms of the contract
  2. b
    the announced intention of a party to a contract that she does not intend to perform her obligations under the contract
  3. c
    A proposal made with the purpose of obtaining and acceptance, therby creating a contract.
  4. d
    contract implied in fact, which the law infers from the circumstances , conduct,acts, or the relationshipsof the parties rather than their spoken words. 2. contracts implied in law which are quasi contracts or constructive .
  5. e
    Having legal capacity; capable quallified

5 Multiple Choice Questions

  1. a sum agreed upon by the parties at the time of entering into a contract as being payable by way of compensation for loss suffered by the event of a breech of contract

  2. A signed, written contract

  3. Effective; suffcient in law; legal

  4. The statement of an untruth: A misstatement of of fact dsigned to lead one to believe that something is other then it is. (Fraud)

  5. an obligation imposed by law to achieve equity, contracts imposed by the law usualy to prevent un just enrichment. A legal fiction that a contract exsists.

5 True/False Questions

  1. Restitution
    in both contract and tort a remdy that restores the status quo


  2. Bilaterel
    a person to whom an offer is made


  3. Mailed (mail box rule)
    Acceptance of an offer takes place when the accaptance is mailed


  4. Oral Contract
    A signed, written contract


  5. Enforcable
    avoidable, subject to disaffirmance, defective but not valid


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