1. a. What is a contract?

b. What are the elements of an enforceable contract?

2. Explain the differences between what is covered under the common law and what is covered under the Uniform Commercial Code. Give examples.

3. Define, explain, give examples of, and distinguish between:

a. Express Contracts

b. Implied Contracts

c. Bilateral Contracts

d. Unilateral Contracts

e. Valid Contracts

f. Void Contracts

g. Voidable Contracts

h. Unenforceable Contracts

i. Executed Contracts

j. Executory Contracts

4.Name the essential elements of an offer.

5. a. How long does an offer last?

b. Name the various actions that kill an offer.

c. What do we mean by revocation of an offer?

d. May an offer be terminated at any time prior to acceptance? What are the exceptions?

6. What do we mean by the mirror image rule?

7. a. When is an acceptance of an offer effective?

b. Is silence ever an acceptance?