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BLAW 3391 Final- Pleasant Certification Review Exam Questions And Answers Graded A+. $13.99   Add to cart

Exam (elaborations)

BLAW 3391 Final- Pleasant Certification Review Exam Questions And Answers Graded A+.

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  • Course
  • B LAW 3391
  • Institution
  • B LAW 3391

contract - correct answer a promise/set of promises for the breach of which the law gives a remedy or the performance of which the law in some way recognizes a duty covenant not to compete - correct answer ...

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  • August 10, 2024
  • 14
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • B LAW 3391
  • B LAW 3391
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BLAW 3391 Final- Pleasant

contract - correct answer a promise/set of promises for the breach of which
the law gives a remedy or the performance of which the law in some way recognizes a duty



covenant not to compete - correct answer restrict what an employee may do
after leaving a company

often dictate where, when, and with whom an employee may work(common in technology and sales)



elements needed for a contract to exist - correct answer from book:
agreement, consideration, contractual capacity, and legal object

from notes: offer and acceptance w/mutual agreement, consideration, competent parties, legality of
purpose, proper form



two defenses to the enforcement of a contract - correct answer lack of
genuine assent

lack of proper form



objective theory of contracts - correct answer we base the existence of a
contract on the parties' outward manifestations of intent and we base its interpretation on how a
reasonable person would interpret it



sources of contract law - correct answer case law

UCC

CISG(Convention on Contracts for International Sales of Goods)



Article 2 of UCC - correct answer governs contracts for the sale of
goods(tangible, movable objects)



bilateral contract - correct answer a promise in exchange for a promise

, unilateral contract - correct answer offeror wants the offer to DO something,
not to promise to do something (reward)



express contract - correct answer terms are all clearly set forth in either
written or spoken works



implied contracts - correct answer arise from not words, but from the conduct
of the parties

(Pache v. Aviation Volunteer Fire Co.)



quasi-contracts - correct answer aka implied-in-law contracts

not actually contracts

in order to prevent one party from being unjustly enriched at the expense of another, courts impose
contractual obligations on one of the parties



executed contracts - correct answer when all the terms of the contracts have
been fully performed



executory contracts - correct answer all of the terms have not been fulfilled



formal contracts - correct answer have a special form or must be created in a
specified manner

under seal, word seal, scroll, wafer, or an impression of the paper



four types of formal contracts - correct answer contracts under seal

recognizances(jail bond)

letters of credit

negotiable instruments(check)



informal contract - correct answer aka simple contract

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