Question 1

Match the following:
-contract

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Question 2

Match the following:
-firm offer

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Question 3

Code Section Matching:
-2-104

Accepted Answer

A) A written contract may be explained or supplemented by course of dealing, usage of trade, course of performance, or evidence of consistent additional terms unless the parties intended the writing to be a complete and exclusive statement of their agreement. 
B) "Good faith" means honesty in fact in the conduct or transaction concerned. 
C) An offer to make a contract is construed as authorizing acceptance in any reasonable manner. 
D) Variant acceptances; modification of "mirror image" rule. 
E) Definition of a "merchant."
F)The common law of contracts applies where the Code has not specifically modified general contract law.
G)Unconscionable contracts.
H)The Article 2 statute of frauds.
I)Open terms; gap-filler provisions.
J)Firm offers.
K)Defines "sale." 
A) A written contract may be explained or supplemented by course of dealing, usage of trade, course of performance, or evidence of consistent additional terms unless the parties intended the writing to be a complete and exclusive statement of their agreement. 
B) "Good faith" means honesty in fact in the conduct or transaction concerned. 
C) An offer to make a contract is construed as authorizing acceptance in any reasonable manner. 
D) Variant acceptances; modification of "mirror image" rule. 
E) Definition of a "merchant."
F)The common law of contracts applies where the Code has not specifically modified general contract law.
G)Unconscionable contracts.
H)The Article 2 statute of frauds.
I)Open terms; gap-filler provisions.
J)Firm offers.
K)Defines "sale."

Question 4

Match the following:
-output contract

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Question 5

Code Section Matching:
-2-201

Accepted Answer

A) A written contract may be explained or supplemented by course of dealing, usage of trade, course of performance, or evidence of consistent additional terms unless the parties intended the writing to be a complete and exclusive statement of their agreement. 
B) "Good faith" means honesty in fact in the conduct or transaction concerned. 
C) An offer to make a contract is construed as authorizing acceptance in any reasonable manner. 
D) Variant acceptances; modification of "mirror image" rule. 
E) Definition of a "merchant."
F)The common law of contracts applies where the Code has not specifically modified general contract law.
G)Unconscionable contracts.
H)The Article 2 statute of frauds.
I)Open terms; gap-filler provisions.
J)Firm offers.
K)Defines "sale." 
A) A written contract may be explained or supplemented by course of dealing, usage of trade, course of performance, or evidence of consistent additional terms unless the parties intended the writing to be a complete and exclusive statement of their agreement. 
B) "Good faith" means honesty in fact in the conduct or transaction concerned. 
C) An offer to make a contract is construed as authorizing acceptance in any reasonable manner. 
D) Variant acceptances; modification of "mirror image" rule. 
E) Definition of a "merchant."
F)The common law of contracts applies where the Code has not specifically modified general contract law.
G)Unconscionable contracts.
H)The Article 2 statute of frauds.
I)Open terms; gap-filler provisions.
J)Firm offers.
K)Defines "sale."

Question 6

Code Section Matching:
-1-201(19)

Accepted Answer

A) A written contract may be explained or supplemented by course of dealing, usage of trade, course of performance, or evidence of consistent additional terms unless the parties intended the writing to be a complete and exclusive statement of their agreement. 
B) "Good faith" means honesty in fact in the conduct or transaction concerned. 
C) An offer to make a contract is construed as authorizing acceptance in any reasonable manner. 
D) Variant acceptances; modification of "mirror image" rule. 
E) Definition of a "merchant."
F)The common law of contracts applies where the Code has not specifically modified general contract law.
G)Unconscionable contracts.
H)The Article 2 statute of frauds.
I)Open terms; gap-filler provisions.
J)Firm offers.
K)Defines "sale." 
A) A written contract may be explained or supplemented by course of dealing, usage of trade, course of performance, or evidence of consistent additional terms unless the parties intended the writing to be a complete and exclusive statement of their agreement. 
B) "Good faith" means honesty in fact in the conduct or transaction concerned. 
C) An offer to make a contract is construed as authorizing acceptance in any reasonable manner. 
D) Variant acceptances; modification of "mirror image" rule. 
E) Definition of a "merchant."
F)The common law of contracts applies where the Code has not specifically modified general contract law.
G)Unconscionable contracts.
H)The Article 2 statute of frauds.
I)Open terms; gap-filler provisions.
J)Firm offers.
K)Defines "sale."

Question 7

Match the following:
-unilateral contract

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Question 8

Match the following:
-duress

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Question 9

Code Section Matching:
-2-106

Accepted Answer

A) A written contract may be explained or supplemented by course of dealing, usage of trade, course of performance, or evidence of consistent additional terms unless the parties intended the writing to be a complete and exclusive statement of their agreement. 
B) "Good faith" means honesty in fact in the conduct or transaction concerned. 
C) An offer to make a contract is construed as authorizing acceptance in any reasonable manner. 
D) Variant acceptances; modification of "mirror image" rule. 
E) Definition of a "merchant."
F)The common law of contracts applies where the Code has not specifically modified general contract law.
G)Unconscionable contracts.
H)The Article 2 statute of frauds.
I)Open terms; gap-filler provisions.
J)Firm offers.
K)Defines "sale." 
A) A written contract may be explained or supplemented by course of dealing, usage of trade, course of performance, or evidence of consistent additional terms unless the parties intended the writing to be a complete and exclusive statement of their agreement. 
B) "Good faith" means honesty in fact in the conduct or transaction concerned. 
C) An offer to make a contract is construed as authorizing acceptance in any reasonable manner. 
D) Variant acceptances; modification of "mirror image" rule. 
E) Definition of a "merchant."
F)The common law of contracts applies where the Code has not specifically modified general contract law.
G)Unconscionable contracts.
H)The Article 2 statute of frauds.
I)Open terms; gap-filler provisions.
J)Firm offers.
K)Defines "sale."

Question 10

Match the following:
-ratification

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Question 11

Match the following:
-quasi contract

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Question 12

Match the following:
-revocation

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Question 13

Match the following:
-objective satisfaction

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Question 14

Match the following:
-consideration

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Question 15

Match the following:
-requirements contract

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Question 16

Match the following:
-executed contract

Accepted Answer

A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer. 
A) A contract that binds an offeror to keep an offer open for a specified period of time. 
B) Improper physical or mental coercion exercised upon a person so that he is forced to act against his free will. 
C) Taking unfair advantage of a person by reason of a dominant position based on a relationship of trust and
confidence. 
D) A contract resulting from the exchange of a promise for an act or a forbearance. 
E) A wrongful failure to properly perform contractual promises.
F)A contract that has not been fully performed.
G)A binding agreement that the courts will enforce.
H)A contract that has been fully performed by all of the parties.
I)A contract in which both parties exchange promises.
J)Contingency not contained in the language of the contract but imposed by law.
K)Transfer of a contractual obligation to a third party.
L)A merchant's irrevocable offer to sell or buy goods in a signed writing that gives assurance that it will not be
terminated for the time stated, up to three months.
M)A statement in the form of a promise that imposes no obligation on the person making the statement.
N)Affirmation of an entire contract; may be done upon reaching majority.
O)The inducement given to enter into a contract; whatever is given in exchange for something else.
P)A substituted contract involving a new third-party promisor or promisee.
Q)An equitable remedy that compels the actual performance by the defaulting party of his contractual obligations.
R)Voluntary transfer of contractual rights to a third party.
S)An obligation not based upon contract that is imposed to avoid injustice.
T)Withdrawal of an offer by the offeror.
U)Doctrine enforcing noncontractual promises in certain circumstances to avoid injustice.
V)A court order prohibiting a party from doing a specific act.
W)Approval based on whether a reasonable person would be satisfied.
X)An agreement to purchase all the materials of a particular kind that the purchaser needs from one seller.
Y)An agreement to sell the entire production of a particular seller to one buyer.

Exam 52: Contracts

Match the following: -contract

Match the following: -firm offer

Code Section Matching: -2-104

Match the following: -output contract

Code Section Matching: -2-201

Code Section Matching: -1-201(19)

Match the following: -unilateral contract

Match the following: -duress

Code Section Matching: -2-106

Match the following: -ratification

Match the following: -quasi contract

Match the following: -revocation

Match the following: -objective satisfaction

Match the following: -consideration

Match the following: -requirements contract

Match the following: -executed contract

Introduction to Law

Business Ethics and the Social Responsibility of Business

Civil Dispute Resolution

Constitutional Law

Administrative Law

Criminal Law

Intentional Torts

Negligence and Strict Liability

Introduction to Contracts

Mutual Assent

Conduct Invalidating Assent

Consideration

Illegal Bargains

Contractual Capacity

Contracts in Writing

Third Parties to Contracts

Performance, Breach, and Discharge

Contract Remedies

Relationship of Principal and Agent

Relationship With Third Parties

Introduction to Sales and Leases

Performance

Transfer of Title and Risk of Loss

Products Liability: Warranties and Strict Liability in Tort

Sales Remedies

Form and Content

Transfer and Holder in Due Course

Liability of Parties

Bank Deposits, Collections, and Funds Transfers

Formation and Internal Relations of General Partnerships

Operation and Dissolution of General Partnerships

Limited Partnerships and Limited Liability Companies

Nature, Formation, and Powers

Financial Structure

Management Structure

Fundamental Changes

Secured Transactions and Suretyship

Bankruptcy

Protection of Intellectual Property

Antitrust

Consumer Protection

Employment Law

Securities Regulation

Accountants Legal Liability

Environmental Law

International Business Law

Introduction to Property, Property Insurance, Bailments, and Documents of Title

Interests in Real Property

Transfer and Control of Real Property

Trusts and Decedents Estates

the Legal Environment of Business

Agency

Sales

Negotiable Instruments

Unincorporated Business Associations

Corporations

Debtor and Creditor Relations

Regulation of Business

Property

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