Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

___________________________________________________________

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Law

Authors: Anthony Liuzzo, Ruth Calhoun Hughes

11th Edition

ISBN: 1260734544, 978-1260734546

More Books

Students also viewed these Law questions

Question

How should a consultant be selected?

Answered: 1 week ago

Question

Why is a consulting contract needed?

Answered: 1 week ago