Statutory Law correct answers Drafted/Passed by congress and various state legislatures
Constitutional Law correct answers -Federal
-State: May mirror the federal Constitution
Criminal Law correct answers All criminal law is statutory
Tax law correct answers Statutory and exists on both t...
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Statutory Law correct answers Drafted/Passed by congress and various state legislatures
Constitutional Law correct answers -Federal
-State: May mirror the federal Constitution
Criminal Law correct answers All criminal law is statutory
Tax law correct answers Statutory and exists on both the federal and state levels
Common Law correct answers Plays an important role in the formation of these bodies of law:
1. Covers contract formation
2. Contract interpretation
3. Contract enforcement
4. Rules for breach of contract
5. Defense against contract formation/interpretation
Property Law: correct answers Governs individual rights in property both real (land) and
personal
Civil or tort law correct answers Basically negligence, but also includes concepts like nuisance,
and non-criminal assault, battery, conversion, etc..
Administrative Law correct answers Rules established by various government agencies
-Creates constitutional and statutory law
-Impacts conduct by various agencies
Construction Involves correct answers -Contract law
-Property law
-Tort law
-Statutory laws
Contract law correct answers Governs the contracts formed between the parties
breach of contract correct answers The failure, without legal excuse, of a promisor to perform the
obligations of a contract.
Contract correct answers An agreement between two or more parties that are enforceable or
otherwise recognizable under law (Black's Law Dictionary)
Agreement correct answers the manifestation by two or more persons of the substance of a
contract
Assent correct answers Agreement, approval or permission verbal or non-verbal conduct
reasonably interpreted as willingness
, Mutual assent determined by an objective standard correct answers The apparent intention of the
parties as manifested by their actions
Bargain correct answers An agreement between parties for the exchange of promises of
performances
Exchange correct answers The act of transferring interests, each in consideration for the other
Obligation correct answers A legal duty to do or to not do something; a formal acknowledgement
of a liability to pay or do a certain thing for a person or party
Consideration correct answers Something bargained for and which motivates a person to do
something to engage in a legal act
Contract information correct answers The formation of a contract requires an exchange or
bargains which manifest mutual assent by the parties and a consideration
Manifestation of mutual assent correct answers Requires each party to make a promise or begin
or render a performance
Conduct as manifestation of assent correct answers May be made wholly or partially by written
or spoken words or by other acts or failure to act
Contracts for services correct answers A construction contract is a contract for service I.e., The
service of building something of another person in exchange for a benefit usually money
Contracts for goods correct answers Uniform Commercial Code a construction project also
involves the purchase of goods
Statute of frauds correct answers A contract law principle sourced from the common law that
establishes when a contract MUST be in writing
parol Evidence correct answers Extrinsic evidence used to prove the parties' intent and thus the
meaning of contract terms. The Parol Evidence Rule governs how this evidence can be used or
even if can be used
Entire contract correct answers The goal in construing a contract by any court is to arrive as
close as possible at the parties' original intent
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