Promisee Study guides, Class notes & Summaries
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LEGL 2700 Roessing Exam 2 Questions and Answers
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LEGL 2700 Roessing Exam 2 Questions and Answers 
Promise - Answer ️️ A commitment or willingness to be bound to a contract obligation 
Uniform Commercial Code (UCC) - Answer ️️ The most successful attempt to have states 
adopt a uniform law 
Purpose is to simplify, clarify, and modernize the laws governing commercial transactions 
Goods - Answer ️️ Tangible (touchable), movable personal property 
Bilateral Contract - Answer ️️ Promise in exchange for a promise 
Involves promisor ...
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LEGL 2700 Roessing Exam 2 Questions and Answers | 100% Pass
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Promise - Answer ️️ A commitment or willingness to be bound to a contract obligation 
Uniform Commercial Code (UCC) - Answer ️️ The most successful attempt to have states 
adopt a uniform law 
Purpose is to simplify, clarify, and modernize the laws governing commercial transactions 
Goods - Answer ️️ Tangible (touchable), movable personal property 
Bilateral Contract - Answer ️️ Promise in exchange for a promise 
Involves promisor and promisee 
Usually made to a specific person
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MULTISTATE BAR CONTRACTS AND SALES – EXAM 2024
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MULTISTATE BAR CONTRACTS AND SALES – EXAM 2024 
 
 
How do you form a contract? - correct answer To form an enforceable contract, there must be mutual assent (offer and acceptance), consideration, and the absence of any formation or enforcement defenses. 
 
What is consideration? - correct answer 1) A bargained-for exchange that 2) has legal value. Legal value is either a benefit to the promisor or detriment to the promisee. The promise must induce the benefit/detriment and the benefit/detrim...
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CON 1100V Exam (2024/ 2025 Update) Questions and Verified Answers-100% Correct-Grade A
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CON 1100V Exam (2024/ 2025 Update) Questions and Verified Answers-100% Correct-Grade A 
 
Q: It may be said that a Contracting Specialist DOES NOT become a Contracting Officer until 
 
 
Answer: 
he/she is awarded a warrant. 
 
 
 
Q: FAR 1.102-4(e) states that: 
 
 
Answer: 
contracting officers "should take the lead in encouraging business process innovations and ensuring that business decisions are sound." 
 
 
 
Q: The contracting professional should strive to __________ the influence of p...
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MIE 305 Final Exam Latest Update with Verified Solutions
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MIE 305 Final Exam Latest Update with 
 
Verified Solutions 
 
Contract a promise or set of promises supported by the exchange of bargained-for 
consideration for the breach of which the law gives a remedy, or the performance of which the 
law recognizes as an enforceable duty. "a promise or set of promises that are enforceable in 
court." primarily state based common law 
 
contract elements -Agreement: the parties agree to the exchange of legal detriment as to each 
other 
-Bargained-for con...
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LEGL 2700 Roessing Exam 2 Questions and Answers | 100% Pass
- Exam (elaborations) • 14 pages • 2024
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Promise - Answer ️️ A commitment or willingness to be bound to a contract obligation 
Uniform Commercial Code (UCC) - Answer ️️ The most successful attempt to have states 
adopt a uniform law 
Purpose is to simplify, clarify, and modernize the laws governing commercial transactions 
Goods - Answer ️️ Tangible (touchable), movable personal property 
Bilateral Contract - Answer ️️ Promise in exchange for a promise 
Involves promisor and promisee
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LEGL 2700 Roessing Exam 2 2024 with 100% correct answers
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Promise - correct answer A commitment or willingness to be bound to a contract obligation 
 
Uniform Commercial Code (UCC) - correct answer The most successful attempt to have states adopt a uniform law 
Purpose is to simplify, clarify, and modernize the laws governing commercial transactions 
 
Goods - correct answer Tangible (touchable), movable personal property 
 
Bilateral Contract - correct answer Promise in exchange for a promise 
Involves promisor and promisee 
Usually made to a ...
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LEGL 2700 Roessing Exam 2 Prep Set Questions & Correct Answers
- Exam (elaborations) • 27 pages • 2024
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LEGL 2700 Roessing Exam 2 Prep Set 
Questions & Correct Answers 
Promise - ANSWER : A commitment or willingness to be 
bound to a contract obligation 
Contract - ANSWER : A legally enforceable agreement 
between two or more parties that requires: 
-Offer and acceptance 
-Contractural capacity 
-Genuine Assent 
-Lawful Purpose 
-Lawful Form 
Uniform Commercial Code (UCC) - ANSWER : The most 
successful attempt to have states adopt a uniform law 
Purpose is to simplify, clarify, and modernize t...
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AIC301 Exam Questions with Complete Solutions Graded A+
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AIC301 Exam Questions with Complete Solutions Graded A+ 
A legally enforceable agreement between two or more parties. - Answer-contract 
 
The party to a contract making a promise. - Answer-Promisor 
 
The party to a contract to whom a promise is made. - Answer-Promisee 
 
The relationship that exists between the parties to a contract. - Answer-Privity of contract 
 
A person who is not a party to a contract but who benefits from it and has a legal right to enforce the contract if it is breached...
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Mortuary Jurisprudence Final Exam Test Questions With Revised Correct Answers
- Exam (elaborations) • 17 pages • 2024
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Mortuary Jurisprudence Final 
Exam Test Questions With Revised 
Correct Answers 
Forebearance - ANSWER : Refraining from doing something you 
have a lawful right to do 
6 elements of an enforceable contract - ANSWER : 1. 
Agreement 
2. Assent 
3. Consideration 
4. Lawful Purpose 
5. Competent Parties 
6. Form required by law 
Requirements of an offer - ANSWER : 1. Contractual intention 
2. Definite 
3. Communicated to offeree 
Termination of offer - ANSWER : 1. Counter offer* 
2. Rejection by...
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