Nature and Terminology
50 questions available
Questions
According to the objective theory of contracts, how is a party's intention to enter into a contract judged?
View answer and explanationWhich of the following is NOT one of the four basic requirements that must be met for a valid contract to exist?
View answer and explanationWhat is the primary distinction between a bilateral contract and a unilateral contract?
View answer and explanationA contract that has been fully performed on both sides is known as what type of contract?
View answer and explanationWhat type of contract is defined as being implied from the conduct of the parties rather than their words?
View answer and explanationWhat is a voidable contract?
View answer and explanationUnder what principle may a court impose a quasi contract on parties?
View answer and explanationIn the case of Gary Porter Construction v. Fox Construction, Inc., Porter argued that Fox owed additional compensation for work under the Excluded Sections based on what type of contract?
View answer and explanationWhat is the Plain Meaning Rule as it applies to contract interpretation?
View answer and explanationIn the case of Ardito v. City of Providence, what did the court classify the city's October 15 letter to police academy applicants as?
View answer and explanationWhich of the following describes a formal contract?
View answer and explanationWhat is the legal status of an agreement that is missing one of the four essential elements of a contract?
View answer and explanationA contract in which the terms are fully and explicitly stated in words, either oral or written, is known as what?
View answer and explanationIf a contract is considered 'void,' what are the legal obligations of the parties?
View answer and explanationWhich of the following is NOT a necessary condition for a court to hold that an implied-in-fact contract was formed?
View answer and explanationIn the case of Wagner v. Columbia Pictures Industries, Inc., the court refused to admit Wagner's extrinsic evidence regarding the 'Love Song' contract because of what rule?
View answer and explanationWhat is the primary function of contract law in the business environment?
View answer and explanationAn unenforceable contract is best described as:
View answer and explanationIn the context of contract interpretation, if a court finds a need to determine the parties' intentions from the contract's terms, which wording is typically given greater weight?
View answer and explanationWhat type of contract arises when one party has fully performed but the other party has not?
View answer and explanationAccording to the case of Gary Porter Construction v. Fox Construction, Inc., what was the remaining balance Fox owed Porter for the work performed?
View answer and explanationWhat is the primary source of law that governs contracts for the sale and lease of goods?
View answer and explanationIn the Wagner v. Columbia Pictures case, the dispute centered on whether the Wagners were entitled to what percentage of the net profits from the 'Charlie's Angels' films?
View answer and explanationA fictional contract created by a court to prevent one party from being unjustly enriched at the expense of another is called a:
View answer and explanationIf a party has conferred a benefit on someone else unnecessarily or as a result of misconduct or negligence, can that party typically recover in quasi contract?
View answer and explanationWhen a party recovers in quantum meruit, what are they recovering?
View answer and explanationWhich of the following would be an example of an informal contract?
View answer and explanationWhat are the two defenses to the enforceability of an otherwise valid contract discussed in the chapter?
View answer and explanationIn the case Ardito v. City of Providence, why did the court consider the city's October 15 letter a 'conditional offer of employment' and not just a notice?
View answer and explanationA problem arises in unilateral contracts when the promisor attempts to revoke the offer after the promisee has begun performance. What is the present-day view on this issue?
View answer and explanationIf a contract's terms are clear according to the Plain Meaning Rule, when might a court allow extrinsic evidence?
View answer and explanationWhat type of party is the offeror in a contract?
View answer and explanationWhen one party to a contract has completed performance but the other has not, how is the contract classified?
View answer and explanationWhich of the following scenarios best exemplifies a unilateral contract?
View answer and explanationIf a contract is missing the element of legality, what is its status?
View answer and explanationWhen a court uses the theory of quasi contract to grant relief, what does it aim to prevent?
View answer and explanationIn the case of Gary Porter Construction v. Fox Construction, Inc., what was the key reason the court ruled in favor of Porter's implied-in-fact contract claim?
View answer and explanationA contract for which of the following subject matters would typically be governed by the common law of contracts, rather than the UCC?
View answer and explanationWhat does it mean if a contract is 'executed on one side and executory on the other'?
View answer and explanationIf a party receives a benefit from another by mistake, such as a car wash mistakenly providing a hand wax, has the recipient been unjustly enriched according to the chapter's example?
View answer and explanationWhen a court is interpreting an ambiguous written contract, which of the following rules applies?
View answer and explanationWhat is the key difference between an express contract and an informal contract?
View answer and explanationWhich of the following would render a contract void, rather than voidable or unenforceable?
View answer and explanationIf a court determines that a contract's written terms are ambiguous, which rule from the chapter would be most relevant for resolving the ambiguity?
View answer and explanationCan a quasi contract be used as a remedy when there is an actual, enforceable contract that covers the matter in controversy?
View answer and explanationIn the case Ardito v. City of Providence, what action by the applicants constituted their acceptance of the city's unilateral contract offer?
View answer and explanationWhat is the legal definition of a 'promise' as described in the chapter?
View answer and explanationWhat is the term for a valid contract that is rendered unenforceable by a statute or law, for example, because it is not in writing?
View answer and explanationIn the case of Gary Porter Construction, the subcontract was for an initial amount of how much?
View answer and explanationIf a contract is a mix of express terms and implied-in-fact terms, is it still considered a valid contract?
View answer and explanation