Critical Thinking & Writing Questions 1.) Define an offer. Who is the offeror? Who is the offeree? 2.) What are the four elements necessary for an enforceable contract? 3.) What is an acceptance? Explain the mirror image rule. 4.) Describe the following: (a) express contract, (b) implied-in-fact contract, and (c) quasi-contract. Give an example of each. 5.) What is consideration? Give an example. 6.) Define "capacity to contract." Explain the enforceability of contracts made by (a) minors (the infancy doctrine), (b) mentally incompetent persons, and (c) intoxicated persons. 7.) Define "lawful object." What is an illegal contract? What is the effect of an illegal contract? 8.) What is the Statute of Frauds? What types of contracts does the Statute of Frauds cover? Give examples. What is the effect if the Statute of Frauds is not met? 9.) Describe substantial performance. Is there a breach of the contract? Give an example. Describe inferior performance. Is this a breach of contract? Give an example. 10.) Explain the following types of monetary damages: (a) compensatory damages, (b) consequential damages, and (c) liquidated damages. Give an example of each. 11.) Describe the following types of equitable remedies: (a) specific performance, (b) injunction, and (c) reformation. Give an example of each. 12.) What is Article 2 (Sales) of the Uniform Commercial Code? What type of contracts does it cover? Give an example. 13.) What is Article 2A (Leases) of the Uniform Commercial Code? What type of contracts does it cover? Give an example. 14.) What is e-commerce? Explain (a) e-contract and (b) e-license. 15.) What is the Electronic Signature in Global and National Commerce Act? Explain how this statute (a) affects the Statute of Frauds for e-contracts and (b) gives effect to e-signatures