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LEGL 2700 Roessing Test 3 Study Questions and Answers GRADED A $14.49
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LEGL 2700 Roessing Test 3 Study Questions and Answers GRADED A

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contract -Correct Answer a legally enforceable promise or an exchange of promises Uniform Commercial Code (UCC) -Correct Answer -covers the sale of goods -goods are tangible, movable items of personal property -applies to individuals & firms -uniform state law -Article 2: applies to contract...

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  • November 8, 2024
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  • 2024/2025
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LEGL 2700 Roessing Test 3



LEGL 2700 Roessing Test 3 Study
Questions and Answers 2024-2025
GRADED A
contract -Correct Answer ✔a legally enforceable promise or an exchange of promises

Uniform Commercial Code (UCC) -Correct Answer ✔-covers the sale of goods
-goods are tangible, movable items of personal property
-applies to individuals & firms
-uniform state law
-Article 2: applies to contracts
-Section 207: "Battle of Forms" -> Deal still goes through

bilateral contracts -Correct Answer ✔-involve a promise for promise exchange ( mutual
promises)
-acceptance is before action

unilateral contracts -Correct Answer ✔-exist when a promise is made in exchange for
performance
-ex. reward for lost pet
-acceptance has a time period before action is performed

express contracts -Correct Answer ✔parties discuss the promised terms of their
agreement

implied-in-fact contracts -Correct Answer ✔-arise from the conduct of the parties rather
than from the words
-Ex. asking an accountant for advice -> implies a promise to pay the going rate for this
advice

Leyden v. American Accreditation Healthcare Commission -Correct Answer ✔-Leyden
got terminated from her job -> claimed that termination was a breach of an implied
contract
-enforcing implied-in-fact agreements is an important means of ensuring that two
parties' intent to make binding promises is honored
-implied-in-fact must contain the same elements as contracts -> acceptance and
consideration
-employers can weaken the presumption of an at-will employment relationship by
making statements about the employee rights and expectation in policies and manuals




LEGL 2700 Roessing Test 3

,LEGL 2700 Roessing Test 3


implied-in-law contract -Correct Answer ✔when one party is unjustly enriched at the
expense of another, the law may imply a duty on the first party to pay the second even
though there is no contract between the two parties

quasi-contract -Correct Answer ✔not true contracts, but a judicial remedy to prevent on
part from receiving unjust enrichment

enforceable contract -Correct Answer ✔when courts uphold the validity of such
promises

unenforceable contract -Correct Answer ✔if a nonperforming party has a justifiable
reason for noncompliance with a promise

valid contract -Correct Answer ✔-when an agreement is enforceable because all the
essential requirements are present
-can be voided by both parties

void contract -Correct Answer ✔-one that appears to be an agreement but lacks an
essential requirement for validity and enforceability
-only minor can get out of contract

in pari delicto -Correct Answer ✔a situation in which both parties are equally at fault in
an illegal contract

voidable contract -Correct Answer ✔-an agreement when at least one party has the
right to withdraw from the promise made without incurring any legal liability
-can't be voided by either parties

executed contract -Correct Answer ✔one in which the parties have performed their
promises

executory contract -Correct Answer ✔when the parties have not yet performed their
agreement

Elements of an Enforceable Contract -Correct Answer ✔-Offer to enter into a contract
-Acceptance of the offer
-Consideration for each promise
-Capacity of each party to enter into a binding agreement
-Legality of subject matter

Defenses to Contract Enforcement -Correct Answer ✔-Improper form when a writing is
required
-no true meeting of the minds due to fraud or mistake




LEGL 2700 Roessing Test 3

, LEGL 2700 Roessing Test 3


offer -Correct Answer ✔contains a specific promise and a specific amount

indefiniteness -Correct Answer ✔When the terms of an agreement are not definite and
specific

revocation -Correct Answer ✔when the offeror retracts the offer before the acceptance

rejection -Correct Answer ✔-when the offeree rejects the offer
-voids the offer

counteroffer -Correct Answer ✔-when the offeree makes a counterproposal
-has the effect of rejecting the original offer and sending back a new offer for a different
contract
-can't change offer and get original offer

lapse of time -Correct Answer ✔when the offeree fails to accept by a deadline defined in
the offer or after a reasonable period of time

subject matter destruction -Correct Answer ✔when the object of the contract is
destroyed or legally eliminated

offeror death or insanity -Correct Answer ✔-when the offeror no longer has the capacity
to make the offer
-can revoke offer on your behalf

subject matter illegality -Correct Answer ✔when a change in the law renders the
agreement illegal, acceptance is no longer possible

acceptance -Correct Answer ✔-is necessary to create a valid, enforceable contract
-"mirror image rule" -> common law
-counter-offer = rejection under common law

Mirror Image Rule -Correct Answer ✔for an acceptance to create a binding contract,
standard contract law requires that the acceptance must match it exactly

Gottlieb and Co v. Alps South Corporation -Correct Answer ✔-Alps requested
consequential damages from Gottlieb related to the customers' complaints
-Gottlieb claimed that its finished goods form excluded such liability
-Court found that Gottlieb's term was included in the contract even though it appeared
only on Gottlieb's forms and was not specifically discussed by the parties
-Alps' failure to read Gottlieb's forms was irrelevant -> generally true as a contract law
principle
-If Alps foresaw the likelihood of certain outcomes, it should have addressed it with
Gottlieb



LEGL 2700 Roessing Test 3

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