Gbl 385 exam 2 contracts - Study guides, Class notes & Summaries

Gbl 385 Exam 2 (Behan) Exam Questions With Correct Answers Contract Elements - answerA contract is a legally enforceable agreement (offer and acceptance). Voluntarily entered between 2 or more competent parties to do or not to do something that is possible to be done, that is not unlawful and that is supported by consideration. Express Contract - answerA contract in which the terms of the agreement are stated in words, oral or written. Implied Contract - answera contract that comes about ...

MSU GBL 385-EXAM 1 BEHAN Exam Questions With Correct Answers Objectives of law - answerlaw exists to influence behavior Hammurabi--in one of the oldest law codes known to man opined that "law exists to protect the weak from the strong" As a society we criminalize behavior that we wish not to tolerate and in that way we seek to deter or influence certain behavior; we do the same with civil law. statutory law - answerOur legal representatives pass laws (both civil and criminal) in the fo...