Question
Could you please fill in the blanks. Thanks 35. The 4 ELEMENTS required for a CONTRACT are _ i.________________________ii.__________________________ iii_______________________, iv. ___________________________ 36. Mutual Assent
Could you please fill in the blanks. Thanks
35. The 4 ELEMENTS required for a CONTRACT are _
i.________________________ii.__________________________
iii_______________________, iv. ___________________________
36. Mutual Assent in contracts means there is an
____________________ and _____________________
37-38. Actual Assent in contractsis needed for a contract andis prevented by the presence as to a party of ( name 3 things which defeat Actual assent)
i.__________________, ii. _________________________, iii. _____________________
39.C..______________ , which means providing a legally sufficient benefit to the other party , is required for most contracts to be valid.
40-41 .The subject of a Contract must be le..______ in order for it to be a valid contract.
It will not be enforcedif it is in violation of a st..___________ or p..__________________, OrMo.._________.
42.. Thebreach of a contract is a claim which can be heard in the (which Civil or Criminal?)___________ Courts
43. IfAbe , (Living in Delaware), and Joe ,( livingin NJ) , are parties to a contract (entered into in NY), and Abe claims Joebreached it and caused him $100,000 in damages..What 3 courts have jurisdiction, to hear the dispute? i______________ii_________________iii_______________
44..A contract with a 16 year old in NJ is which?? ...
(valid, void, voidable, or unenforceable)____________and that means the minor or guardian may decide to ________________________
45. The U.C.C. standsfor the Uniform _________________Code.
andThe U.C.C. is a recommended code or statement of the law regarding the sale of _____________
46.The RESTATEMENT 2nd OF Contracts is a summaryof thelaw of contracts as to s.._____________ and r...___________________
47. Undue Influence effects which one in a contract?.. (Mutual Assent, Actual Assent, Consideration, or Legality) _______________________
48. An illegal subject makes a contractwhich.. (valid, void, voidable ) ??__________________
49-50. An OFFER, in order to be valid must be ...
a._____________________, b. __________________ and c. ____________________
51.The "Mailbox Rule" says that anacceptance must be which before it is effective??..a) sent b) notarized, c) adequate, d) received_________
AnOFFER is effective after a) sent b) notarized, c) adequate, d) received_________
52. The basic Statute of Limitations in NJ REQUIRES suits on a CONTRACT to be filed within how many years?_______
53. A Court to be able to handle a case must have both S..____________ Jurisdiction andP..__________ jurisdiction.
54.A court must be provided with a WRITTEN copy of the contract before it can enforce a contract... (TRUE OR FALSE?)___________
55. THE COURT WILL USUALLY REFUSE to enforce a Contract without ADEQUATE Consideration..
(TRUE OR FALSE) ____________....
. THE COURT WILL USUALLY REFUSE to enforce a Contract without Legal Sufficiency..
(TRUE OR FALSE) ____________
56.A Court will NEVERenforce a Contract without Consideration..No allowed exceptions ..
(TRUE OR FALSE)?_______________
57.Accord and S..____________ provides Sufficient Consideration IF THERE IS A GOOD FAITH D..___________that is resolved.
58. An Accord and Satisfaction May provide Sufficient Consideration in a LIQUIDATED AMOUNT DUE case..ifthere is NO actual dispute .?. (TRUE OR FALSE)_____________
59.Legally sufficient Consideration must cause a promisee to incur an Actual Detriment.?
TRUE OR FALSE.________
60.. Explain the difference between the old COMMON LAW court system and theCIVIL LAW court system
_____________________________________________________________________________________
61. Explain what NATURAL LAW is
___________________________________________________________
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