Question
Choose the item in column 2 that best matches each item in column 1. Column 1: A) Act of restoring the other person to his
Choose the item in column 2 that best matches each item in column 1. Column 1: A) Act of restoring the other person to his or her original position prior to the loss. Answer B) Contract satisfying all of the requirements of an enforceable agreement. Answer C) Contract that is valid unless voided. Answer D) One of the major four classifications of contracts. Answer E) Contract containing two promises, one made by each party to the contract. Answer F) Refusal by the offeree of an offer. Answer G) Advertising contract online in which the offeree enters into a contract by clicking on a dialog box on an Internet website. Answer H) Contracts that are completely carried out. Answer I) Event that must first occur before an agreement becomes effective. Answer J) Contract that arises from the conduct of the parties rather than from their express statements. Answer Column 2: 1) Condition precedent 2) Executed contracts 3) Contract implied in fact
4) Bilateral and unilateral 5) Voidable contract 6) Clickwrap agreement 7) Rejection 8) Restitution 9) Bilateral contract 10) Valid 19.6 Critical Thinking Questions.Type your answer below. 1) Mary promised Alex to give him a car as a gift if Alex graduates from the university with honors. Mary also made a pledge to a church to donate $5,000 to its mission trips fund. After his graduation with honors, Alex reminded Mary of her promise, but Mary said she has no obligation to give Alex the car. When the church secretary called to collect the money, Mary told this person that she changed her mind about the donation. Discuss what legal obligations Mary has and to whom.
Fill in the Blank Questions 1) Someone who is benefited by a performance of the contract without being a party to a contract is called a(n) ________ beneficiary. Answer: 2) The transfer of a contract duty is called a(n) ________. Answer 3) The person to whom the right of a contract is transferred is called the ________. Answer 4) One of the primary ways to end contractual obligation is ________ of law. Answer 5) To bring a suit against another for breach of contract, the party must make ________. Answer 6) When the agreed-upon performance is completed, a(n) ________ occurs. Answer 7) Contracts that are impossible to perform may be discharged by a defense called ________. Answer 8) Debtors may have their contractual obligations discharged by filing of ________. Answer 9) The injured party may bring lawsuit for ________ when a breach of contract occurs. Answer 10) Damages compensating the plaintiff for actual losses resulting from the breach of contract are called ________. Answer
Fill in the Blank Questions 1)In a statutory framework, a collection of laws on the same general topic is called a(n) ________. Answer: 2)Article 2 of the UCC expressly covers sales of ________. Answer: 3)Contracts that are not covered by Article 2 are governed by the ________ law. Answer: 4)Goods sold by weight and stored in bulk quantities are called ________ goods. Answer: 5)Some contracts include the sale of goods and ________ associated with the goods. Answer: 6)According to the UCC, a sale is the passing of ________ from the seller to the buyer for a price. Answer: 7)The UCC holds ________ to a higher standard in their transactions than nonmerchant sellers in certain situations. Answer 8)Under Article 2 of the UCC, there are differences between ________ and implied warranties. Answer: 9)According to Article 2, a contract for the sale of goods for the price of $500 or more must be in ________ to be enforceable. Answer: 10) Article 2 contains remedies for sellers and buyers in case either party ________ the sales contract. Answer:
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