Exam 9: Nature of Traditional and E-Contracts

Companies are not permitted to issue licenses by e-commerce.

A contract is ________ if the offeror's offer can be accepted only by the performance of an act by the offeree.

An offer to create a unilateral contract can be revoked by the offeror any time prior to the offeree's performance of the requested act.

The UCITA establishes uniform legal rules for the formation and enforcement of electronic contracts and licenses.

Yvonne finds a carpenter to do some repairs for her house and tells him that if he finishes the job within Saturday, she would pay him $1, 000.This offer creates a(n)________ contract.

If one of the parties to a contract can enforce the contract, it is considered valid.

An express contract can be stated orally.

A contract is ________ if the offeror's promise is answered with the offeree's promise of acceptance.

Which of these is an instance of a quasi-contract?

Which of the following statements is true about contracts?

Alan tells Sherry that he will pay her $5, 000 if she runs the Boston Marathon.Once Sherry starts running the marathon, Alan ________.

Objective theory of contracts states that the intent to contract is judged by the reasonable person standard and not by the subjective intent of the parties.

Compare valid, void, voidable and unenforceable contracts.

A contract that has been fully performed on both sides is called an ________ contract.

A contract that has been fully performed by both sides is called an executory contract.

In a(n)________ contract, agreement between parties is inferred from their conduct.

The ________ states that the intent to contract is judged by the reasonable person standard and not by the subjective intent of the parties.

Which of the following is an acceptable consideration for a contract?

Article 2 of the UCC prescribes a set of uniform rules for the creation and enforcement of contracts for the sale of goods.

Which of the following is true of enforcing a contract?