Term
The offeror is the party with the power to decide whether to create a contract. |
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Definition
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Term
An offer made as a joke, where a reasonable person would conclude that it was made
as a joke, cannot result in a contract |
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Definition
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Term
3. The communication of an offer can be made by the offeror or the offeror's agent. |
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Definition
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Term
4. Generally, advertisements, catalogs, price lists, etc. are not treated as offers. |
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Definition
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Term
5. A counteroffer is treated as both a revocation and a new offer. |
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Definition
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Term
6. Consideration can consist of giving up a legal right. |
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Definition
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Term
7. A promise to act or to refrain from doing an act can serve as consideration. |
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Definition
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Term
8. The mirror image rule permits the offeree's acceptance of a contract to vary from the
offer. |
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Definition
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Term
9. A person who delegates his contractual duties is fully relieved of any further duty to
perform under that contract. |
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Definition
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Term
10. When both parties to a contract are minors, either or both of them may avoid the
contract. |
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Definition
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Term
11. A parent or parents who sign a contract on behalf of their minor child may disaffirm the
contract just as their child may. |
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Definition
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Term
12. A party who makes a mistake about the value of the object of a contract is normally
permitted to avoid the contract. |
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Definition
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Term
13. A plaintiff must prove that he suffered actual injury to recover damages for fraud. |
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Definition
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Term
14. A party to a contract may delegate his rights arising from the contract to another
person. |
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Definition
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Term
15. The nonbreaching party normally may not recover punitive damages in a breach of
contract claim. |
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Definition
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Term
16. Expenses, such as those incurred to obtain performance from a source other than the
original contracting party, are called consequential damages. |
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Definition
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Term
17. An express contract may be either written or oral. |
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Definition
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Term
18. An incidental beneficiary can directly sue the maker of a contract in the case of breach. |
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Definition
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Term
19. The mirror image rule requires that the acceptance exactly match the offer. |
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Definition
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Term
20. Giving up a legal right to do something is enough to legally qualify as consideration. |
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Definition
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Term
21. A quasi contract is another name for an oral contract. |
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Definition
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Term
22. "I promise to pay you $100 if you will promise to fix my car next month." This is an offer
for a unilateral contract. |
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Definition
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Term
23. If a person who has been declared incompetent by a court enters into an
agreement, that agreement is void, because it does not meet all the requirements of a
binding contract. |
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Definition
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Term
24. Alice makes a material misrepresentation of fact to Betty, and based upon the
misrepresentation, Betty enters into a contract. Betty now realizes she was deceived and
wants to get out of the contract. This contract is voidable at Betty's option only. |
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Definition
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Term
25. Nathan promises to take Debra to the show on Friday night. He then changes his mind
so that he can stay home and study his business law. Nathan can be sued for breach of
contract by Debra for breaking his promise. |
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Definition
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Term
26. Generally, an offer is effective as soon as it is dispatched. |
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Definition
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Term
27. An offer must be communicated to the offeree or his agent in order for the offer to be
effective. |
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Definition
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Term
28. If Bill tells Sara that he will give her two days to decide if she wants to buy his car, he
cannot sell it to anyone else during that time. |
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Definition
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Term
29. Generally, a contract exists when an offer has been accepted. |
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Definition
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Term
30. If the offer specifies it MUST be accepted by letter, a telegram will not be a valid means
of acceptance. |
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Definition
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Term
31. If an offer states that it MUST be received by a certain date, receipt is presumed in
those situations when acceptance is mailed. |
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Definition
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Term
32. The party to whom an offer is made is an offeree. |
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Definition
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Term
33. A counteroffer operates as a rejection of the original offer. |
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Definition
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Term
34. Contracts have a number of legally essential elements, among which are an
agreement and consideration. |
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Definition
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Term
35. The law enforces all promises, therefore, all promises are contracts. |
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Definition
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Term
36. On July 12th, 2008, Louis offers to employ Teresa as head chef in his restaurant next
year. The very next day, Teresa accepts the offer. The parties agree on a term of nine (9)
months, and a $10,000 salary per month. Per their agreement, Teresa is to begin work on
January 1. This contract falls within the scope of the statute of frauds, and thus will likelyhave to be in writing to be enforceable. |
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Definition
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Term
37. An offer can never be validly accepted by the offeree's silence. |
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Definition
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Term
38. Wendy offers to pay Jose $1,000 if he agrees to promise to paint her house this month.
If Jose accepts the offer, it will create a unilateral, executed contract. |
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Definition
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Term
39. A contract to provide lawn and landscaping service for "the next six (6) months" falls
within the scope of the statute of frauds, and must be in writing to be enforceable. |
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Definition
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Term
40. Fred offers to paint Debbie's home for $500. Debbie tells Fred she will only pay $450,
and Fred agrees. Under these facts, Debbie is the "offeror." |
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Definition
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Term
41. Sarah, an artist, e-mails Patricia and offers to paint her portrait for $499.99. Patricia
calls Sarah back and accepts the offer. Sarah promises to paint the portrait within one (1)
year, if not sooner, and Patricia agrees to pay within six (6) months of the portrait's receipt.
This is an enforceable, bilateral, executory contract. |
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Definition
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Term
42. Sue leases her 3 Bedroom, 2-bath home to Trisha for $300,000 for one year. The
parties sign a written lease. Article 2-A of the UCC governs this contract. |
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Definition
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Term
43. Bob, a schoolteacher, sells his neighbor Sam an old office chair at a garage sale. Bob
has given Sam an "implied warranty of merchantability." |
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Definition
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Term
44. Sue sells her 3 bedroom, 2 bath home to Trisha for $300,000. The parties sign a
written contract. Article 2 of the UCC governs this contract. |
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Definition
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Term
45. A contract for lawn mowing services falls under the scope of Article 2 of the UCC. |
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Definition
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Term
46. For Article 2 of the UCC to apply, at least one party to the contract must be a merchant. |
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Definition
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Term
47. Pat, who owns an appliance store, has a garage sale at his home where he sells old
furniture and books. He sells a set of books to his neighbor Judy. Pat is considered a
merchant under Article 2 of the UCC in selling the books to Judy. |
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Definition
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Term
48. The UCC imposes a duty of good faith on the performance and enforcement of every
contract it covers. |
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Definition
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Term
49. Under a unilateral contract only one party makes a promise. |
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Definition
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Term
50. A void contract is a contract that one or both parties may cancel, at their option. |
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Definition
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Term
51. A promises to pay B $50 if B will mow A's lawn. B completely and satisfactorily mows
A's lawn. This is a unilateral contract. |
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Definition
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Term
52. An express contract is a contract that is evidenced by a writing. |
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Definition
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Term
53. A revocation normally is effective at the time it is dispatched by the offeror. |
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Definition
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Term
54. A rejection normally is effective at the time it is dispatched by the offeree. |
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Definition
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Term
55. The offeror's death automatically terminates an offer, but the offeree's death does not. |
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Definition
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Term
56. An advertisement offering a reward for the return of lost property usually is treated as
an offer for a unilateral contract. |
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Definition
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Term
57. An assignee must give consideration to the assignor in exchange for the assignment. |
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Definition
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Term
58. In general, ambiguities in a written agreement are resolved against the party who
drafted the agreement. |
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Definition
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Term
59. Under the "American Rule" governing successive assignments, the first assignee in
time has the superior right. |
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Definition
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Term
60. Rolland just bought a new pair of eye glasses. He had to go to the eye doctor for an
exam and to get a prescription. He then took the prescription to the eye-glass store to buy
his new glasses. Rolland's visit to the eye doctor is governed by the UCC; the purchase of
his glasses from the eye-glasses store is not. |
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Definition
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Term
61. The mirror image rule permits the offeree's acceptance of a contract to materially differ
from the offer. |
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Definition
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Term
62. A counter-offer will generally be treated as an implied revocation, and a new offer. |
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Definition
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Term
63. If a rejection is placed in the mail, with the proper address and postage, it will generally
be considered effective on "deposit." |
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Definition
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Term
64. One of the key issues in a promissory estoppel case is whether the defendant made
a promise to the plaintiff that the plaintiff detrimentally relied upon. |
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Definition
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Term
65. In order for an offer to be legally valid under the common law, it must have reasonably
definite terms. |
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Definition
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Term
66. Advertisements are typically considered valid offers. |
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Definition
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Term
67. One purpose of contract law is to make business matters more predictable. |
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Definition
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Term
68. The elements to a contract are agreement, consideration, legality, and capacity. |
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Definition
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Term
69. Robert agrees to buy a car from Jane for $400. This contract must be in writing to be
enforceable. |
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Definition
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Term
70. "I'll pay you $1,000 if you promise to paint my house this month." If the offeree accepts,
this is a unilateral contract. |
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Definition
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Term
71. A person who makes a contractual offer is referred to as an "offeree." |
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Definition
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Term
72. A person who makes a contractual promise is referred to as a "promisee." |
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Definition
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Term
73. All promises are enforceable as contracts. |
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Definition
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Term
74. Advertisements are generally not considered as offers to enter into a contract. |
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Definition
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Term
75. Under the common law, an offeree's proposal to make a material change in the terms
of an offer will most likely constitute a counter-offer. |
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Definition
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Term
76. Mary was mistaken about a material fact concerning a contract she made with
Bob. Mary can avoid the contract on the grounds of "fraud." |
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Definition
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Term
77. Under the "mailbox rule," some acceptances are deemed effective upon dispatch. |
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Definition
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Term
78. A party can always avoid a contract on the basis of a unilateral mistake of value. |
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Definition
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Term
79. Agreement is usually evidenced by an offer and an acceptance. |
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Definition
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Term
79. Agreement is usually evidenced by an offer and an acceptance. |
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Definition
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Term
80. An offeror's subjective beliefs or assumptions determine his or her intent to contract. |
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Definition
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Term
81. Under the common law, an offer must contain reasonably definite terms to be enforced. |
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Definition
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Term
82. An offer does not need to be communicated to the offeree to be effective. |
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Definition
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Term
83. A promise to do some specified thing in the future is an offer. |
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Definition
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Term
84. Any agreement made "after a few drinks" can be avoided for lack of seriousness of
intent. |
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Definition
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Term
85. A price list is considered an offer. |
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Definition
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Term
86. An expression of opinion is not a valid offer. |
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Definition
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Term
87. When a contractor submits a bid for a construction project, the submission of the bid
is an offer. |
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Definition
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Term
88. A "quasi-contract" is not really a contract. |
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Definition
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Term
89. An "express" contract must be in writing. |
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Definition
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Term
90. Parol evidence is never admissible. |
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Definition
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Term
91. If an offeree makes a counteroffer, he becomes the "counter-offeror." |
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Definition
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Term
92. The UCC applies to contracts for services as well as to contracts for the sale of goods. |
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Definition
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Term
93. Under the UCC, the mirror image rule applies in the same manner as under common
law. |
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Definition
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Term
94. In ordinary sales transactions, the implied warranty of fitness for a particular purpose
can be disclaimed, but the disclaimer must be in writing and conspicuous. |
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Definition
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Term
95. Implied warranties of merchantability can never be disclaimed. |
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Definition
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Term
96. A model used in connection with selling goods will usually amount to a warranty that
the goods will be as the model indicates. |
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Definition
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Term
97. A statement that a particular truck can haul a 3,000 pound load would be treated as an
opinion and would not become an express warranty. |
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Definition
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Term
98. The implied warranty of merchantability requires that goods be fit for the ordinary
purposes for which they are intended. |
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Definition
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Term
99. For the implied warranty of fitness for a particular purpose to apply, the seller must
have actually known the purpose for which the buyer was purchasing the goods. |
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Definition
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Term
100. An implied warranty of merchantability arises in every sale or lease by a merchant. |
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Definition
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Term
101. A seller's statement that "this is a terrific used car" generally creates an express
warranty. |
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Definition
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Term
102. A buyer from a thief can acquire title to the goods as a good faith purchaser. |
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Definition
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Term
103. A contract for the sale of goods must include a price to be enforceable under the
UCC. |
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Definition
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Term
104. In ordinary sales transactions, the warranty of title can be disclaimed or modified only
by specific language in a contract. |
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Definition
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Term
105. According to the UCC, unless otherwise specified or agreed upon, all goods in a
contract must be rendered in a single delivery. |
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Definition
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Term
106. The UCC, not common law, covers the sale of real estate and services. |
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Definition
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Term
107. When an offer governed by the UCC does not specify a means of acceptance, it can
be accepted by any means reasonable under the circumstances. |
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Definition
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Term
108. The UCC always governs breach of contract cases involving a combination of
services and tangible movable goods. |
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Definition
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Term
109. In order to be liable for negligence a person must have owed a duty of care to the
plaintiff. |
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Definition
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Term
110. Tim and his friend are playing catch in the back yard when Tim suddenly throws the
ball over the fence into the neighbor's yard where it breaks a window. This is trespass to
real property, even if Tim himself does not go onto the property to get the ball. |
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Definition
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Term
111. Truth is a complete defense to defamation. |
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Definition
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Term
112. Arthur offers Bob, an employee of Carl, a job with his company at a yearly salary of
$10,000 more than Bob receives under the contractual relationship between Bob and Carl.
Arthur knows about the contract between Bob and Carl and knows that the contract should
run for another five years, but Arthur wants Bob to work for him. Arthur probably is liable
to Carl for intentional interference with contractual relations. |
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Definition
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Term
113. The same act can never be both a tort and a crime. |
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Definition
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Term
114. Because he's a good friend, and has known Hilda a long time, Scott fixes Hilda's car
as a surprise for her birthday. When Hilda sees it, she is so happy, she promises to give
Scott $1000 the following week for doing the work. He gratefully accepts. A court would
likely find that this promise to be supported by valid consideration; and Hilda's promise to
pay $1000 is enforceable as a contract. |
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Definition
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Term
115. One distinction between nuisance and trespass to land is that trespass to land
involves intrusions by human beings, while nuisance involves intrusions by other forces. |
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Definition
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Term
116. In order to be liable for conversion, the defendant must know that the property
rightfully belongs to someone else. |
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Definition
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Term
117. In a strict liability case, the plaintiff still must prove that the defendant breached a
duty. |
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Definition
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Term
118. Even though no one else had developed an invention like that of the patent applicant,
the application will be denied if, at the time of the invention, the invention would have been
obvious to a person having ordinary skill in the area. |
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Definition
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Term
119. A copyright owner's failure to use a proper copyright notice does not cause her to
forfeit copyright protection. |
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Definition
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Term
120. Consent can be raised as a defense to battery. |
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Definition
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Term
121. Bill dictates a letter to his assistant, Barbara. The letter is addressed to Betty Bonds,
his accountant, and in it, he accuses Betty of being dishonest - when he knows sheis not!
Barbara never types the letter, and does not send it to Betty. Nevertheless, Bill has
likely committed the tort of defamation. |
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Definition
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Term
122. In a defamation suit where the plaintiff is a "public figure," the defendant must prove
that the plaintiff acted "with actual malice." |
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Definition
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Term
123. A fanciful use of ordinary words may be trademarked. |
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Definition
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Term
124. Tort law provides legal remedies for both personal injury and property damage. |
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Definition
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Term
125. In tort law, intent means only that the actor intended the consequences of his or her
act or knew with substantial certainty that certain consequences would result from the act. |
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Definition
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Term
126. To commit an intentional tort, a person need not act with a harmful motive. |
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Definition
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Term
127. An assault may be committed when a person acts in a way so as to create an
apprehension of offensive contact in the distant future. |
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Definition
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Term
128. A battery occurs only if the victim suffers actual physical harm. |
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Definition
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Term
129. Libel involves the written communication of defamatory language. |
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Definition
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Term
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Definition
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Term
131. To commit the tort of trespass to land, a person does not need to actually harm the
land. |
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Definition
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Term
132. Conversion is wrongfully taking or retaining an individual's personal property and
placing it in the service of another. |
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Definition
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Term
133. An arbitrary use of ordinary words may not be trademarked. |
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Definition
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Term
134. A service mark is used to distinguish products produced by the federal government
from those produced by private corporations. |
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Definition
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Term
135. Brad doesn't like Rob and especially dislikes Rob's new felt hat, so he intentionally
knocks it off Rob's head in order to embarrass Rob. Brad has committed a battery. |
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Definition
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Term
136. In a defamation action, the plaintiff must prove that the defendant communicated a
false statement to a third party. |
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Definition
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Term
137. A tort is a violation of a duty imposed by the civil law. |
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Definition
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Term
138. Under the new Restatement (Third) of Torts, a manufacturing defect exists only when
it is shown that: 1) the product has departed from its intended design; and 2) the
manufacturer failed to exercise "due care" in the manufacturing process. |
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Definition
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Term
139. Written defamation is called "slander." |
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Definition
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Term
140. Opinion is generally a valid defense in a defamation lawsuit because it cannot be
proven to be true or false. |
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Definition
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Term
141. In order for a plaintiff to win a case involving intentional infliction of emotional distress,
she must prove the defendant acted in an extreme and outrageous manner. |
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Definition
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Term
142. Prior to any battery, an assault (even if only momentarily) must have occurred. |
|
Definition
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Term
143. Punitive damages are intended to punish the defendant. |
|
Definition
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Term
144. An employee who divulges secret trade information cannot be sued. |
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Definition
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Term
145. Infringement is the unauthorized use of the intellectual property of another. |
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Definition
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Term
146. Electronic surveillance for the purpose of acquiring trade secrets is permissible under
the law of unfair competition. |
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Definition
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Term
147. For a mark to be protected under federal law, it must be registered with the Patent
and Trademark Office. |
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Definition
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Term
148. Trade secrets are information held as confidential by a company and its employees. |
|
Definition
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Term
149. A trademark differs from a service mark in that the latter describes services. |
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Definition
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Term
150. A copyright does not last forever. |
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Definition
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|