Question 1

An agreement that cannot be enforced is ____________ and is not really a contact at all.​

Accepted Answer

The answer of An agreement that cannot be enforced is...

Question 2

A breach of contract leads to a claim of ____________ damages by the innocent party to the contract.​

Accepted Answer

The answer of A breach of contract leads to a...

Question 3

In sales of new or used goods by merchants, probably the most important warranty is that of ________________ , unless it was expressly ___________________ by stating that the goods were sold​

Accepted Answer

The answer of In sales of new or used goods...

Question 4

In terms of legal effect, contracts are classified as ____________ , _________________ , or _________________ .​

Accepted Answer

The answer of In terms of legal effect, contracts are...

Question 5

A ( n ) _ _ _ _ _ _ _ _ _ _ is the party to a contract who makes a promise to do something.

Accepted Answer

The answer of A ( n ) _ _ _...

Question 6

You operate Bistro Coole restaurant. An irate client called. She had previously asked you to cater an event tonight and you agreed. Then things got hectic for you, so you asked your friend Macke, who runs another restaurant similar to yours, to cater the event. Apparently he was a no-show. Which statement is FALSE?​
A)Bistro Coole's right to receive payment from the client is assignable.
B)Bistro Coole's duty to perform may be delegated since it is a task that may be done in a workmanlike manner.
C)If Bistro Coole delegates the duty to perform to Macke, and Macke fails to perform, then Bistro Coole is not liable because the duty can be delegated.
D)If the client agrees to excuse Bistro Coole Services from the contract and to substitute Macke, such an agreement is called a novation and relieves Bistro Coole from liability should Macke fail to perform.

Accepted Answer

C is false because when a duty is delegated, the original party (Bistro Coole) remains liable if the delegatee (Macke) fails to perform.

Question 7

If a contract has not been fully performed, it is called a(n) ____________ contract.​

Accepted Answer

The answer of If a contract has not been fully...

Question 8

A(n ) _ _ _ _ _ _ _ _ _ _ _ agreement gives one of the parties the right to buy (or sell) something at a certain price within a specified future time.​

Accepted Answer

The answer of A(n ) _ _ _ _ _...

Question 9

If no time is stated, an offer lapses after a(n) ____________ .​

Accepted Answer

The answer of If no time is stated, an offer...

Question 10

A contract that is oral and/or in written form is a(n) ____________​

Accepted Answer

The answer of A contract that is oral and/or in...

Question 11

A ( n ) _ _ _ _ _ _ _ _ _ is a rejection of the original offer, which is also a new offer.​

Accepted Answer

The answer of A ( n ) _ _ _...

Question 12

When a party to a contract honestly performs most essentials of the contract, but there is some  minor omission or deviation which can be corrected, or compensated for in a reduction of the price  the doctrine of exists.

Accepted Answer

The answer of When a party to a contract honestly...

Question 13

Although the Uniform Commercial Code (UCC) has been adopted, at least in part, by   _________________ states, important ____________________ exist among the adopters in its  application to commerce.

Accepted Answer

The answer of Although the Uniform Commercial Code (UCC) has...

Question 14

A minor's contracts are generally ____________ by the minor, but are valid and _________________ on the adult with whom the minor is dealing.​

Accepted Answer

The answer of A minor's contracts are generally ____________ by...

Question 15

________________ consists of two parts: bargained-for exchange and something of legal value.

Accepted Answer

The answer of ________________ consists of two parts: bargained-for exchange...

Question 16

________________ exists when one party is prevented from exercising judgment and free will by some wrongful act or threat of the other party.​

Accepted Answer

The answer of ________________ exists when one party is prevented...

Question 17

A(n)______________ mistake about a(n) ____________________ fact will enable either party  to rescind the contract.

Accepted Answer

The answer of A(n)______________ mistake about a(n) ____________________ fact will...

Question 18

There are two parties to a contract; the ____________ is the person to whom the offer is made.​

Accepted Answer

The answer of There are two parties to a contract;...

Question 19

A ( n ) _ _ _ _ _ _ _ _ _ is a legally enforceable agreement to do or not do a specified act.​

Accepted Answer

The answer of A ( n ) _ _ _...

Question 20

Sometimes, the parties to a contract specify in advance what the damages shall be in the case of  breach. These provisions are called ___________________ clauses.

Accepted Answer

The answer of Sometimes, the parties to a contract specify...

Quiz 8: Contracts: Enforceable Agreements

An agreement that cannot be enforced is ____________ and is not really a contact at all.

A breach of contract leads to a claim of ____________ damages by the innocent party to the contract.

In sales of new or used goods by merchants, probably the most important warranty is that of , unless it was expressly ___ by stating that the goods were sold

In terms of legal effect, contracts are classified as ____ , _ , or _________ .

A ( n ) _ _ _ _ _ _ _ _ _ _ is the party to a contract who makes a promise to do something.

If a contract has not been fully performed, it is called a(n) ____________ contract.

A(n ) _ _ _ _ _ _ _ _ _ _ _ agreement gives one of the parties the right to buy (or sell) something at a certain price within a specified future time.

If no time is stated, an offer lapses after a(n) ____________ .

A contract that is oral and/or in written form is a(n) ____________

A ( n ) _ _ _ _ _ _ _ _ _ is a rejection of the original offer, which is also a new offer.

When a party to a contract honestly performs most essentials of the contract, but there is some minor omission or deviation which can be corrected, or compensated for in a reduction of the price the doctrine of exists.

Although the Uniform Commercial Code (UCC) has been adopted, at least in part, by _ states, important ____ exist among the adopters in its application to commerce.

A minor's contracts are generally by the minor, but are valid and _____ on the adult with whom the minor is dealing.

________________ consists of two parts: bargained-for exchange and something of legal value.

________________ exists when one party is prevented from exercising judgment and free will by some wrongful act or threat of the other party.

A(n) mistake about a(n) ______ fact will enable either party to rescind the contract.

There are two parties to a contract; the ____________ is the person to whom the offer is made.

A ( n ) _ _ _ _ _ _ _ _ _ is a legally enforceable agreement to do or not do a specified act.

Sometimes, the parties to a contract specify in advance what the damages shall be in the case of breach. These provisions are called ___________________ clauses.

Quiz 8: Contracts: Enforceable Agreements

An agreement that cannot be enforced is ____________ and is not really a contact at all.​

A breach of contract leads to a claim of ____________ damages by the innocent party to the contract.​

In sales of new or used goods by merchants, probably the most important warranty is that of ________________ , unless it was expressly ___________________ by stating that the goods were sold​

In terms of legal effect, contracts are classified as ____________ , _________________ , or _________________ .​

A ( n ) _ _ _ _ _ _ _ _ _ _ is the party to a contract who makes a promise to do something.

If a contract has not been fully performed, it is called a(n) ____________ contract.​

A(n ) _ _ _ _ _ _ _ _ _ _ _ agreement gives one of the parties the right to buy (or sell) something at a certain price within a specified future time.​

If no time is stated, an offer lapses after a(n) ____________ .​

A contract that is oral and/or in written form is a(n) ____________​

A ( n ) _ _ _ _ _ _ _ _ _ is a rejection of the original offer, which is also a new offer.​

When a party to a contract honestly performs most essentials of the contract, but there is some minor omission or deviation which can be corrected, or compensated for in a reduction of the price the doctrine of exists.

Although the Uniform Commercial Code (UCC) has been adopted, at least in part, by _________________ states, important ____________________ exist among the adopters in its application to commerce.

A minor's contracts are generally ____________ by the minor, but are valid and _________________ on the adult with whom the minor is dealing.​

________________ consists of two parts: bargained-for exchange and something of legal value.

________________ exists when one party is prevented from exercising judgment and free will by some wrongful act or threat of the other party.​

A(n)______________ mistake about a(n) ____________________ fact will enable either party to rescind the contract.

There are two parties to a contract; the ____________ is the person to whom the offer is made.​

A ( n ) _ _ _ _ _ _ _ _ _ is a legally enforceable agreement to do or not do a specified act.​

Sometimes, the parties to a contract specify in advance what the damages shall be in the case of breach. These provisions are called ___________________ clauses.

An agreement that cannot be enforced is ____________ and is not really a contact at all.

A breach of contract leads to a claim of ____________ damages by the innocent party to the contract.

In sales of new or used goods by merchants, probably the most important warranty is that of , unless it was expressly ___ by stating that the goods were sold

In terms of legal effect, contracts are classified as ____ , _ , or _________ .

If a contract has not been fully performed, it is called a(n) ____________ contract.

A(n ) _ _ _ _ _ _ _ _ _ _ _ agreement gives one of the parties the right to buy (or sell) something at a certain price within a specified future time.

If no time is stated, an offer lapses after a(n) ____________ .

A contract that is oral and/or in written form is a(n) ____________

A ( n ) _ _ _ _ _ _ _ _ _ is a rejection of the original offer, which is also a new offer.

Although the Uniform Commercial Code (UCC) has been adopted, at least in part, by _ states, important ____ exist among the adopters in its application to commerce.

A minor's contracts are generally by the minor, but are valid and _____ on the adult with whom the minor is dealing.

________________ exists when one party is prevented from exercising judgment and free will by some wrongful act or threat of the other party.

A(n) mistake about a(n) ______ fact will enable either party to rescind the contract.

There are two parties to a contract; the ____________ is the person to whom the offer is made.

A ( n ) _ _ _ _ _ _ _ _ _ is a legally enforceable agreement to do or not do a specified act.