LEGL 2700 Jason Epstein UGA Questions and Answers | Latest Update | 2024/2025 | 100% Verified
15 views 0 purchase
Course
LEGL 2700 Jason Epstein UGA
Institution
LEGL 2700 Jason Epstein UGA
LEGL 2700 Jason Epstein UGA
Questions and Answers | Latest Update |
2024/2025 | 100% Verified
What is the UCC and what does it govern?
The UCC, or Uniform Commercial Code, governs commercial transactions involving goods
and contracts for their sale.
How does the mirror image rule app...
LEGL 2700 Jason Epstein UGA
Questions and Answers | Latest Update |
2024/2025 | 100% Verified
What is the UCC and what does it govern?
✔✔ The UCC, or Uniform Commercial Code, governs commercial transactions involving goods
and contracts for their sale.
How does the mirror image rule apply to contract acceptance?
✔✔ The mirror image rule requires that the acceptance of an offer must match the terms of the
offer exactly for a contract to be formed.
What does freedom of contract refer to?
✔✔ Freedom of contract refers to the right of individuals to enter into agreements and determine
the terms without interference, as long as the contract is lawful.
What is capacity to contract and why is it important?
✔✔ Capacity to contract ensures that parties entering into a contract have the legal ability to do
so, typically requiring they be of sound mind and of legal age.
1
,What role does consideration play in contract formation?
✔✔ Consideration is the value exchanged between parties in a contract, making the agreement
legally binding.
What is misrepresentation in contract law?
✔✔ Misrepresentation involves providing false information that induces another party to enter
into a contract, which can affect its validity.
What is the difference between void and voidable contracts?
✔✔ A void contract is unenforceable from the start, while a voidable contract is valid but may be
rejected by one of the parties under certain conditions.
What is assignment in contract law?
✔✔ Assignment involves transferring rights or obligations under a contract from one party to
another.
What does delegation of duties mean in a contract?
✔✔ Delegation of duties involves transferring responsibilities under a contract from one party to
another, while the original party remains liable for performance.
2
, What is breach of warranty?
✔✔ Breach of warranty occurs when a product or service fails to meet the assurances or
guarantees made about its quality or performance.
What is the significance of discharge by performance?
✔✔ Discharge by performance occurs when all parties fulfill their contractual obligations,
leading to the termination of the contract.
How does anticipatory repudiation affect a contract?
✔✔ Anticipatory repudiation happens when one party indicates they will not fulfill their
contractual obligations before the performance is due, allowing the other party to seek remedies.
What is unilateral contract?
✔✔ A unilateral contract involves one party making a promise in exchange for an act or
performance by another party.
What is contract modification and when is it permissible?
3
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller SterlingScores. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.27. You're not tied to anything after your purchase.
