Shared Flashcard Set

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Objective 3.00 & 4.00 Vocats
Contract Law
50
Law
Not Applicable
12/03/2010

Additional Law Flashcards

 


 

Cards

Term
Bill and Sarah agreed at lunch to a contract for landscaping services. Bill did not have the contract form for Sarah to sign. What type of contract is this?
Definition
Oral Contract
Term
When Donnie, Matt, and Steve, all age 15 enter into a contract, what term describes this type of contract?
Definition
Voidable Contract
Term
If the offeror mails an offer to the offeree, and the offeree mails the acceptance, when will the offer go into affect?
Definition
When the Acceptance is Sent
Term
Jennifer asked Jason if he wanted to buy her car for $5,000. Who is Jennifer in this transaction?
Definition
Offeror
Term
Jennifer asked Jason if he wanted to buy her car for $5,000. Who is Jason in this transaction?
Definition
Offeree
Term
Molly agrees to buy a set of glassware after talking to the salesman over the phone. What type of contract is this?
Definition
Oral Contract
Term
What occurs when an offeree requests to change the terms of the offer?
Definition
Counteroffer
Term
Betty lost her wallet at a school ballgame. She offers a reward of $25 to anyone who returns the wallet. What type of contract is this?
Definition
Unilateral Contract
Term
John sold a watch that he owned. What term is used to identify this transaction?
Definition
Detriment
Term
A minor becomes an adult in most states at what age?
Definition
18 Years Old
Term
John agreeing to Jason’s proposal to sell his car demonstrates which contract element?
Definition
Acceptance
Term
How is a contract terminated when the offeree refuses the offer?
Definition
Rejection
Term
John proposes to sell his car to Adam for $5,000. John's proposal demonstrates which contract element?
Definition
Offer
Term
A contract to charge a set price with competitors violates which contract element?
Definition
Legality
Term
Agreeing to give false testimony violates which contract element?
Definition
Legality
Term
What part of genuine agreement threatens a person’s business?
Definition
Economic Duress
Term
Which circumstance would make a minor’s contract legal?
Definition
The Minor Gets Married
Term
What is a threat against a business that causes a person to enter into a contract without real consent?
Definition
Economic Duress
Term
If a judge rules that a contract is legally good, what will the contract be declared?
Definition
Valid
Term
Which is a type of unilateral mistake?
Definition
Signing a contract without reading it
Term
Who does a nurse have undue influence over?
Definition
Patient
Term
An innocent misrepresentation of a fact violates which contract element?
Definition
Genuine Agreement
Term
If a contract is legally good, what will it be declared?
Definition
Valid
Term
What part of genuine agreement involves a threat?
Definition
Duress
Term
Lisa is fifteen years old. What term would be used to describe a contract made with Lisa?
Definition
Voidable
Term
If a judge rules that a contract has no legal force, what will the contract be declared?
Definition
Void
Term
Mark agrees to purchase a piece of rare art from Jill for $5,000. The contract was written and signed by both parties. Who is Mark?
Definition
Offeree
Term
Mark agrees to purchase a piece of rare art from Jill for $5,000. The contract was written and signed by both parties. Who is Jill?
Definition
Offeror
Term
Carter Construction is building the new Charlotte Bobcats arena. The construction is expected to take over two years to complete. The contract must be in writing according to which law?
Definition
Statute of Frauds
Term
The judge ruled AGAINST the person who wrote the contract due to contradictory terms. What did the court say about the contract?
Definition
The terms of the contract are too ambiguous.
Term
John chose NOT to fulfill one of the parts of a contract. What did he do to the contract?
Definition
John breached the contract.
Term
A contract has FIVE HUNDRED spelled out in one part of the contract and $600 in numerical form in another part of the contract. What will the judge say about this contract?
Definition
The contract contradicts itslef.
Term
If a salesman promises something not written into the contract, what should be done?
Definition
Write in the promise and have both parties initial the additions to the contract.
Term
Which meets the requirements of the statute of frauds?
Definition
The Sale of Real Property
Term
Marco and Angelica are purchasing their first home. What law requires that their contract be in writing?
Definition
Statute of Frauds
Term
Curt and Carrie sign a real estate contract to purchase a historic home. In the body of the contract, a change is handwritten in. What must be done for the contract change to be enforceable on the contract?
Definition
The changes must be initialed by all parties to show agreement.
Term
Curt and Carrie sign a real estate contract to purchase a historic home. In the body of the contract, a change is handwritten in. What law requires that this contract be in writing?
Definition
Statute of Frauds
Term
Samantha decides to sell Joanne her music collection for $550. Both sign a written contract, but Joanne orally promises to add 2 more items to the collection after signing the contract. What law requires that this contract be in writing?
Definition
Statute of Frauds
Term
Dave contracts to sell Miranda a Ford Mustang on Friday. She will pay him and pick the car up on Saturday morning. Friday night, Dave is involved in an accident totaling the car. Due to what method is the contract terminated?
Definition
Impossibility of Performance
Term
A 40-story building is completed on time but has a slightly different tile floor in one room than required by the contract. How was the contract discharged?
Definition
Substantial Performance
Term
Nancy has a contract to buy a car from Bryan. Nancy realizes she cannot afford the car. After signing the contract, Bryan wishes he had not contracted to sell the car to Nancy. They both decide to terminate the contract by what method?
Definition
Mutual Agreement
Term
Bill is a painting contractor. Bill makes a contract with John to paint his home with American brand paint. When Bill uses another similar brand of paint, the contract is discharged by what method?
Definition
Substantial Performance
Term
Amber transfers her duty of cleaning Julie’s house to Roxanne. However, Amber is still responsible for the job. How was the contract transferred?
Definition
Delegate
Term
Carol has agreed to make Debbie’s prom dress. Debbie has indicated that she wants her to make the dress, a cape, and gloves. Carol is pressed for time and forgot to make the gloves. What type of performance has Carol completed?
Definition
Substantial Performance
Term
Monica has a contract with Fred's Landscape Service to mulch her yard. After the job is finished, the contract is discharged by what method?
Definition
Complete Performance
Term
An environmental group is suing to stop the clear cutting of trees by a local developer. What type of remedy will they request?
Definition
Injunction
Term
In order to sue for breach, what type of relationship must a person have?
Definition
Privity
Term
A world famous artist dies suddenly before finishing several projects. How will all of the artist’s contracts be discharged?
Definition
Impossibility of Performance
Term
After agreeing to sell her home to Jack, Lila refuses to turn over the paperwork because she received a better offer from Sam. What remedy can Jack request from a judge that will stop Lila from selling her home to Sam.
Definition
Injunction
Term
After agreeing to sell her home to Jack, Lila refuses to turn over the paperwork because she received a better offer from Sam. The home that Jack is buying is unique; therefore, he should sue Lila for what type of damages if she sells the home to Sam?
Definition
Specific Damages
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