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5 Written questions

5 Matching questions

  1. voluntary consent
  2. third party rights
  3. types of contracts that have to be in writing
  4. objective facts
  5. executed contract
  1. a -UCC sale of over $500
    -debt of another
    -contract that cannot be completed in one year
  2. b -fraud
    -mistake of fact
  3. c -what was said
    -how the party acted/appeared
    -circumstances surrounding transaction
  4. d -assignments
    -third party beneficiary
    -intended beneficiary
  5. e fully performed

5 Multiple choice questions

  1. -material breach(non performance)
    -anticipatory repudiation(other party states that they will not
  2. -intent(awareness of wrong-mens rea)
    -act (actus rea)
    -must harm either property or person
  3. no capacity to contract
  4. right to not talk and to be informed of constitutional rights
  5. -compensatory(out of pocket)
    -consequential(foreseeable losses)
    -punitive(not recoverable)

    liquidated damages(agreed amount beforehand)

5 True/False questions

  1. confiscation-promise or set of promises for the breach of which law gives remedy
    -legally binding agreement between two or more parties who agree to perform or to refrain from performing some act


  2. embezzlementfraudulent appropriation of money or other property by a person that has not been entrusted


  3. output contractcontract could never be enforced


  4. acceptance and breach situationduty to mitigate damages


  5. larcenya crime more serious than a misdemeanor and punishable by imprisonment for more than one year or death