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WGU D216 Module 4 Contracts Prep Exam Questions With Correct Solutions. $9.49   Add to cart
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WGU D216 Module 4 Contracts Prep Exam Questions With Correct Solutions.
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  • WGU D216
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  • WGU D216

Common Law - Answer governs all contracts that is not statutory Common law contracts - Answer services, real estate, employment, insurance Uniform Commercial Code - Answer sale and lease of goods Contract - Answer agreement by two or more parties that can be enforced in court ...

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Document information

  • August 17, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • objective theory of contracts

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  • WGU D216
  • WGU D216

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WGU D216 Module 4 Contracts Prep
Exam Questions With Correct Solutions.
Common Law - Answer governs all contracts that is not statutory



Common law contracts - Answer services, real estate, employment, insurance



Uniform Commercial Code - Answer sale and lease of goods



Contract - Answer agreement by two or more parties that can be enforced in court



What is the most important part of determining the form of a contract? - Answer element of intent



Objective theory of contracts - Answer how intent is determined



personal or subjective intent or belief - Answer how intent is NOT determined



Objective Theory of Contracts - Answer intent judged by objective facts as interpreted by a reasonable
person



Objective facts - Answer what was said when entering, actions/appearance, circumstances surrounding



Bilateral contract - Answer promise for a promise, no performance necessary



unilateral contract - Answer offer can be accepted only by offeree's performance



When is a unilateral contract formed? - Answer the moment the contract is performed



formal contract - Answer requires specific form or method of creation

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