Exam 10: Contracts

In a breach of contract case, compensatory damages are damages that:

An offeror can ____ an offer by withdrawing it.

Injunctions are the most common form of damages granted.

If a party to a contract dies or becomes incapacitated the contract is discharged by impossibility.

For Amy's sixteenth birthday her parents give her money so she can make a down payment on a car she wants. She enters into a contract with a car dealer to make payments. This is a:

If a party fails to perform a nonbinding promise:

In Caley v. Gulfstream Aerospace, the employer told the employees that as a condition of continued employment they had to agree to a new dispute resolution policy that would take effect in two weeks. Caley sued, contending the new policy was not backed by consideration, so there was no enforceable contract. The appeals court held that:

Uncle Jim tells his niece as she goes off to Creepy U. that if she maintains a 3.5 average that he will buy her a BMW convertible when she graduates. At graduation she has a 3.7 GPA and so she wants the BMW convertible. Uncle Jim says that he doesn't have to give her the BMW convertible because what she did was for her own good. Niece wants to sue Uncle Jim to get the BMW convertible. There probably is:

The general rule regarding acceptance is:

Termination of the offer can occur through the action of the parties or by the operation of law. The parties can terminate the offer by:

If an offeror or offeree dies:

The Restatement (2d) of Contracts defines a(n) ____ as "the manifestation of willingness to enter into a bargain, so made as to justify another person in understanding that his assent to that bargain is invited and will conclude it."

A(n) ____ is an agreement by the parties to offer and accept some performance different from that originally bargained for.

Assignment of contracts for services is generally not allowed, but delegation of contracts is more likely to be allowed.

19th century English courts referenced ____ when resolving contract disputes.

The award to a prevailing party in suit for breach of contract to recover costs incurred due to relying on the promise of the other party is called:

The legal relationship that consists of the rights and duties of the agreeing parties growing out of promises is:

A transfer of contract duties to a third party is an assignment.

In Japan, contract negotiations typically are quite time consuming.

A smooth talking door-to-door salesman talks you into buying $200 worth of magazine subscriptions. After he leaves you want out of the deal. The contract you signed: