Exam 9: Nature of Traditional and E-Contracts

There is no right to a jury trial in an equitable action.

If ambiguity is detected while determining the type of a contract,it is presumed to be a bilateral contract.

Restatement of the Law of Contracts is the agreed upon federal law in the United States.

In a recognizance,a party acknowledges in court that he or she will pay a specified sum of money if a certain event occurs.

Contracts that have been fully performed by one side but not by the other are classified as ________ contracts.

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

A(n)________ contract is stated orally or in written words.

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

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

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.

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

Which of the following is true of the equity doctrine?

If the law requires that a contract be in writing,failure of such a contract to be in writing does not impact its enforcement.

An offer to create a unilateral contract cannot be accepted by a promise to perform.

The UCITA (Uniform Computer Information Transactions Act)is a law common to all states and does not require state legislatures to adopt it as a statute for the state.

Under the objective theory of contracts,the subjective intent of a party to enter into a contract is irrelevant.

Two brothers Sam and Jim were fighting over the division of their ancestral property.After ten years of legal battle,a frustrated Sam contacted a powerful politician who subjected Jim to extreme duress to make him sign a contract of assent in favor of Sam.When Jim takes this contract to court,the contract will be declared ________.

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