Legl 2700 Roessing Exam 2026 Questions
and Answers
Promise - Correct answer-A commitment or willingness to be bound to a contract
obligation
Uniform Commercial Code (UCC) - Correct answer-The most successful attempt
to have states adopt a uniform law
Purpose is to simplify, clarify, and modernize the laws governing commercial
transactions
Goods - Correct answer-Tangible (touchable), movable personal property
Bilateral Contract - Correct answer-Promise in exchange for a promise
Involves promisor and promisee
Usually made to a specific person
Acceptance, then performance later
Binding even when promise hasn't been fulfilled yet
Ex) work order to paint house
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,Unilateral Contract - Correct answer-Promise in exchange for an action
Made to the whole world
Acceptance and performance happen at the same time
Not binding until action has been done
Ex) lost dog poster and reward
Express Contracts - Correct answer-A contract in which parties show their
agreement in words
Implied-in-fact Contracts - Correct answer-A legally enforceable agreement
inferred from the circumstances and conduct of the parties
Implied-in-law Contract - Correct answer-A quasi-contract; not a true contract
Legal fiction that the courts use to prevent unjust enrichment and wrongdoing
Courts permit the person who conferred a benefit to recover the reasonable value
of that benefit
Nonetheless, the elements of a true contract are not present
Quasi-contract - Correct answer-An implied-in-law contract; not a true contract
Legal fiction that the courts use to prevent unjust enrichment and wrongdoing
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, Courts permit the person who conferred a benefit to recover the reasonable value
of that benefit
Nonetheless, the elements of a true contract are not present
Enforceable Contract - Correct answer-A contract that can be enforced in court
Unenforceable Contract - Correct answer-A contract that cannot be enforced in
court
Valid Contract - Correct answer-A contract that contains all of the proper elements
of a contract
Void Contract - Correct answer-A contract that is empty, having no legal force;
ineffectual, unenforceable
Ex) drug sale, killer-for-hire
In Pari Delicto - Correct answer-The parties to an illegal contract are equally at
fault
Voidable Contract - Correct answer-Capable of being declared a nullity, though
otherwise valid
Party taken advantage of can avoid contract; other party cannot
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and Answers
Promise - Correct answer-A commitment or willingness to be bound to a contract
obligation
Uniform Commercial Code (UCC) - Correct answer-The most successful attempt
to have states adopt a uniform law
Purpose is to simplify, clarify, and modernize the laws governing commercial
transactions
Goods - Correct answer-Tangible (touchable), movable personal property
Bilateral Contract - Correct answer-Promise in exchange for a promise
Involves promisor and promisee
Usually made to a specific person
Acceptance, then performance later
Binding even when promise hasn't been fulfilled yet
Ex) work order to paint house
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
,Unilateral Contract - Correct answer-Promise in exchange for an action
Made to the whole world
Acceptance and performance happen at the same time
Not binding until action has been done
Ex) lost dog poster and reward
Express Contracts - Correct answer-A contract in which parties show their
agreement in words
Implied-in-fact Contracts - Correct answer-A legally enforceable agreement
inferred from the circumstances and conduct of the parties
Implied-in-law Contract - Correct answer-A quasi-contract; not a true contract
Legal fiction that the courts use to prevent unjust enrichment and wrongdoing
Courts permit the person who conferred a benefit to recover the reasonable value
of that benefit
Nonetheless, the elements of a true contract are not present
Quasi-contract - Correct answer-An implied-in-law contract; not a true contract
Legal fiction that the courts use to prevent unjust enrichment and wrongdoing
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
, Courts permit the person who conferred a benefit to recover the reasonable value
of that benefit
Nonetheless, the elements of a true contract are not present
Enforceable Contract - Correct answer-A contract that can be enforced in court
Unenforceable Contract - Correct answer-A contract that cannot be enforced in
court
Valid Contract - Correct answer-A contract that contains all of the proper elements
of a contract
Void Contract - Correct answer-A contract that is empty, having no legal force;
ineffectual, unenforceable
Ex) drug sale, killer-for-hire
In Pari Delicto - Correct answer-The parties to an illegal contract are equally at
fault
Voidable Contract - Correct answer-Capable of being declared a nullity, though
otherwise valid
Party taken advantage of can avoid contract; other party cannot
©COPYRIGHT 2025, ALL RIGHTS RESERVED 3
