Exam 10: Contracts

You return a lost dog to its owner. You did not know a reward was being offered for the dog. You do not have a legal right to the reward.

16-year-old Green bought a car that he later wanted to return for a full refund. If the dealer refuses a court is likely to hold that:

Invitations to negotiate or to make an offer are known as:

If a company required a subcontractor it worked with to agree not to do business with any of its clients that it introduced it to unless it paid a fee, the subcontractor would likely claim the agreement was void:

When parties agree to discharge one party from a contract and create a new contract with another party who is to become responsible for the discharged party's performance, this is:

In Caley v. Gulfstream Aerospace the court held that when employees were told a new dispute resolution policy would be imposed on them if they kept working that getting to keep working was adequate consideration, so there was a contract.

Exemplary damages are also called:

Acceptance of an offer must be unequivocal or ____.

If the obligations of a contract have been performed, the contract is discharged.

Jan owes you $500. Since you owe Bob some money, you give Bob the right to collect the money Jan owes you. This is called:

Suess signed a contract which included a covenant not to compete with his employer for a year if he left the firm. When Suess quit, he went into competition with his former employer and was sued. He argued that the covenant was not valid. The court held:

Jan owes you $500. Since you owe Bob some money, you give Bob the right to collect the money Jan owes you. This is:

Freedom of contract means businesses may enter into any contracts they wish to.

If a minor agrees to join the Army, the minor's agreement to join is voidable.

The code that was designed to promote uniformity of the laws relating to commercial sales of goods is known as:

When the payment of money damages is inadequate for a breach of contract a court may order the remedy of:

In Caley v. Gulfstream Aerospace the court held that when employees were told a new dispute resolution policy would be imposed on them if they kept working that there was no consideration, so no contract.

Modern definitions of contracts center on:

If a party fails to perform a nonbinding promise:

When parties agree to discharge one party from a contract and create a new contract with another party who is to become responsible for the discharged party's performance, this is: