LEGL 2700 Roessing Test 3 Questions and Answers

LEGL 2700 Roessing Test 3 Questions and Answers contract - Correct ️️ a legally enforceable promise or an exchange of promises Uniform Commercial Code - Correct ️️ most important example of state-based legislation impacting contract law goods - Correct ️️ tangible, movable items of personal property bilateral contract - Correct ️️ an agreement containing mutual promises unilateral contract - Correct ️️ an agreement with only one promise, and only one party is committed to perform; seeks an action rather than a promise in return express contract - Correct ️️ contract that arises from interactions in which parties actually discuss the promised terms of their agreement implied-in-fact contract - Correct ️️ contract that arises from the conduct of the parties rather than from words implied-in-law contract - Correct ️️ when the law implies a duty on a party to the second even though there is no contract between them "quasi-contract" enforceable contract - Correct ️️ the court upholds the validity of a promise unenforceable contract - Correct ️️ a defense exists that denies the legal enforcement of an agreement valid contract - Correct ️️ an agreement is enforceable because all the essential requirements are present void contract - Correct ️️ an agreement that lacks an essential requirement for validity and enforceability