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Exam (elaborations)

Bus 250 Exam 2 || with 100% Error-free Answers.
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a legally enforceable agreement correct answers contract a contract in which one party agrees not to compete with another correct answers noncompetition agreement a promise made in exchange for another promise correct answers bilateral contract an agreement in which one or more parties has...

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Document information

  • August 3, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • a legally enforceable agreement

Written for

  • Bus 250
  • Bus 250

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FullyFocus

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Bus 250 Exam 2 || with 100% Error-free Answers.
a legally enforceable agreement correct answers contract

a contract in which one party agrees not to compete with another correct answers noncompetition
agreement

a promise made in exchange for another promise correct answers bilateral contract

an agreement in which one or more parties has not yet fulfilled its obligations correct answers
executory contract

an agreement in which all parties have fulfilled their obligations correct answers executed
contract

an agreement that may be terminated by one of the parties correct answers voidable contract

a contract that neither party can enforce, because the bargain is illegal or one of the parties had
no legal authority to make it correct answers void agreement

an agreement with all the important terms explicitly stated correct answers express contract

a possible remedy for an injured plaintiff in a case with no valid contract, where the plaintiff can
show a promise, reasonable reliance, and injustice correct answers promissory estoppel

a possible remedy for an injured plaintiff in a case with no valid contract, where the plaintiff can
show benefit to the defendant, reasonable expectation of payment, and unjust enrichment correct
answers quasi-contract

"as much as he deserves" -- the damages awarded in a quasi-contract case correct answers
quantum meruit

an act or statement that proposes definite terms and permits the other party to create a contract by
accepting those terms correct answers offer

the person who makes an offer correct answers offeror

the person to whom an offer is made correct answers offeree

a letter that summarizes negotiation progress correct answers letter of intent

UCC rules for supplying missing terms correct answers gap-filler provisions

obligates the seller to sell all of his output to the buyer, who agrees to accept it. correct answers
output contract

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