PLA 4424 Exam 1 Questions & Answers 2024/2025
The common law of contracts was created by - ANSWERSjudges
The common law of contracts was created by - ANSWERSmutual assent
A contract where there is an exchange of promises between the parties is - ANSWERSbilateral
A contract that has no...
The common law of contracts was created by - ANSWERSjudges
The common law of contracts was created by - ANSWERSmutual assent
A contract where there is an exchange of promises between the parties is - ANSWERSbilateral
A contract that has no legal effect is - ANSWERSvoid
An offeror must always have - ANSWERSintent
The Restatement of Contracts was created by - ANSWERSall of the available answers
_______ is not an element of a contract. - ANSWERSsignature
A method of terminating an offer is - ANSWERSall of the given answers
Consideration consists of either a - ANSWERSbenefit or detriment
For consideration to exist the value must be - ANSWERSlegal
An option contract creates - ANSWERSan irrevocable offer
Advertisements are generally not found to be an offer because they - ANSWERSlack both specificity and
definiteness of terms
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