BLAW 3201 - MARK FRY - EXAM 2
QUESTIONS WITH CORRECT
ANSWERS.
In order to have a valid contract, in addition to the four basic requirements of a contract, must
also occur? - Answer There must be an absence of invalidating conduct, like duress.
What isn't always necessary for a valid contract to be formed? - Answer Writing
When might a contract be unenforceable? - Answer If the statute of limitations has passed.
Define Void, Voidable, Valid, and Unenforceable. - Answer Void - not an actual contract, is
unenforceable
Voidable - Valid & enforceable but contains flaw that may make it void
Valid - Legally binding & enforceable in a court of law
Unenforceable - Valid but not able to be enforced in court bc of a defect of some sort
The doctrine of promissory estoppel is a doctrine that relies on _____________ and not
______________ _______________. - Answer justice; contractual rights
Another name for a quasi contract is: - Answer an implied in law contract.
Example of kind of contract is covered by Article 2 of the UCC.T - Answer The sale of new
furniture.
What is required in order to recover in quasi contract? - Answer Acceptance or retention of a
benefit conferred on the defendant by the plaintiff
What's a requirement of an express contract? - Answer The terms are stated in words.
QUESTIONS WITH CORRECT
ANSWERS.
In order to have a valid contract, in addition to the four basic requirements of a contract, must
also occur? - Answer There must be an absence of invalidating conduct, like duress.
What isn't always necessary for a valid contract to be formed? - Answer Writing
When might a contract be unenforceable? - Answer If the statute of limitations has passed.
Define Void, Voidable, Valid, and Unenforceable. - Answer Void - not an actual contract, is
unenforceable
Voidable - Valid & enforceable but contains flaw that may make it void
Valid - Legally binding & enforceable in a court of law
Unenforceable - Valid but not able to be enforced in court bc of a defect of some sort
The doctrine of promissory estoppel is a doctrine that relies on _____________ and not
______________ _______________. - Answer justice; contractual rights
Another name for a quasi contract is: - Answer an implied in law contract.
Example of kind of contract is covered by Article 2 of the UCC.T - Answer The sale of new
furniture.
What is required in order to recover in quasi contract? - Answer Acceptance or retention of a
benefit conferred on the defendant by the plaintiff
What's a requirement of an express contract? - Answer The terms are stated in words.
