Blaw final contracts Study guides, Class notes & Summaries
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BLAW 3391 Final Exam Questions And Answers (Verified And Updated)
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BLAW 3391 Final Exam Questions And 
Answers (Verified And Updated) 
Four requirements for a valid contract - answeragreement, consideration, capacity, and 
legality 
Agreement - answeroffer and acceptance, meeting of minds 
Consideration - answermoney, something of value or a promise 
Contractual Capacity - answerBoth parties entering into the contract must have the 
contractual capacity to do so. The law must recognize them as possessing characteristics that 
qualify them as competent parties. ...
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BLAW FINAL EXAM Cochran Questions with correct Answers
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BLAW FINAL EXAM Cochran Questions with correct Answers 
Austin tells Linda, "If you do a good job landscaping my yard this summer I will pay you a $10,000 bonus." If there IS contract consideration in this scenario choose TRUE. If NOT then choose FALSE. 
False 
 
 
 
Danny tells Mike, "I promise to Pay you $5,000 bonus if you promise to renovate my party barn." Contract consideration TRUE. 
If not FALSE 
True 
 
 
 
 
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BLAW Final Exam Questions and Answers
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BLAW Final Exam Questions and Answers 
Offer and Acceptance 
1. the acceptance of unilateral offers can be made by a promise to ship or by shipment itself. 
2. not all terms have to be included for a contract to result. 
3. particulars of performance can be left open. 
4. Firm written offers made by a MERCHANT, the duration of which is 3 months or less, cannot be revoked. 
5. Acceptance by performance requires notice within a reasonable time; otherwise, the offer can be treated as lapsed. 
6. Th...
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Blaw Final - Contracts
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Blaw Final - Contracts
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Blaw Final - Contracts
- Exam (elaborations) • 18 pages • 2024
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Blaw Final - Contracts
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Blaw Final - Contracts
- Exam (elaborations) • 18 pages • 2024
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Blaw Final - Contracts
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Blaw Final - Contracts
- Exam (elaborations) • 18 pages • 2024
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Blaw Final - Contracts
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