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Law 1101- Final Exam Comprehensive Questions and Solutions Graded A+

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Law 1101- Final Exam Comprehensive Questions and Solutions Graded A+

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Law 1101
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Law 1101








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Institution
Law 1101
Course
Law 1101

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Uploaded on
November 23, 2025
Number of pages
3
Written in
2025/2026
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Exam (elaborations)
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Law 1101- Final Exam
Comprehensive Questions and
Solutions Graded A+
Common Law - Answer: governs all contracts except where it has been modified or replaced by
statutory law



UCC - Answer: governs all contracts for the sale of goods by merchants



NYGOL - Answer: governs all contracts for the sale of good by non-merchants



Quasi Contract - Answer: fictional contract imposed by law to avoid unjust enrichment



Liquidated Damage Provision - Answer: enforceable if actual damages would be difficult to
calculate of if fixed sum is a reasonable estimate of damages



Mutual Assent - Answer: consists of an offer & acceptance



Mailbox Rule - Answer: states an acceptance is effective when mailed



Variant Acceptance - Answer: acceptance that contains new or conflicting terms



Mirror Image Rule - Answer: states that acceptance must mirror the offer

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