LEGL 2700 ROESSING EXAM 4 FINAL PAPER
2026 QUESTIONS WITH FULL SOLUTION
GRADED A+
◉ leading object rule. Answer: -an exception to the writing
requirement for collateral promises
-exist when the promisor's intention is to directly further his or her
own interests
◉ types of contracts that must be in writing. Answer: -contracts
involving an interest in land
-collateral contracts to pay the debt of another person
-contracts that can't be performed within one year from the date of
agreement
-contracts for the sale of goods totaling $500 or more
◉ oral contracts are enforceable. Answer: -part performance: land
title
-rules involving goods
-judicial admissions
◉ puffery. Answer: hyperbolic statement
,◉ genuine assent. Answer: -both parties have to mean what they're
doing
-no fraud, duress, or mistakes
◉ unconscionable. Answer: -contracts that are technically legal, but
so unfair, they might as well be illegal
-equitable defense
-have to show both:
1. procedural: unfair surprise
2. substantive: unfair terms that favor the drafter
◉ contracts can be. Answer: -written
-oral
-implied through past actions or industry customs
◉ Leonard v. PepsiCo. Answer: -unilateral contract
-promise from PepsiCo -> jet
-act -> Leonard -> $7M
-jet wasn't in the catalog
-Leonard lost & got his money back
,◉ Ryan Leslie laptop return. Answer: -promise -> $20k -> $1M
-act -> bag
-implied-in-fact contract -> laptop return
-court made him pay $1M + interest
◉ spoilation. Answer: -destruction of evidence in a civil lawsuit
-assume you're lying about something
◉ Johnson v. Harmon (1876). Answer: -intoxication was not a
defense -> Old English Common Law
-clear and easy
-nature and consequences of act -> incapable of understanding
◉ Lucy v. Zehmer (1954). Answer: -sell farm on cocktail napkin
-"high as a Georgia pine"
-defendant has to show they were too drunk to be in a contract
◉ Jackie Coogan. Answer: -mom spent his money
-California Statute -> Coogan's Law
◉ Exception to holding contracts to minors. Answer: -get cosigner
(parent)
, -if contract is for necessaries (food, place to stay, school)
-ratification: ratified the deal when you're 18
-emancipation: minor is mature enough to handle their own finances
◉ Coogan's Law. Answer: -California Statute
-judicial oversight
-fair hours, education
-Coogan account: 15% that can't be used; saved for child when they
turn 18
◉ economic duress. Answer: I really needed something
◉ gratuitous promise. Answer: -aren't legally binding
-requirement for consideration:
both sides are giving something
bargained for exchange
◉ nominal consideration. Answer: I'm paying something & you're
accepting something -> legally binding contract
-ex. Peppercorn Ceremony
◉ illusory promise. Answer: -"if you feel like it"
2026 QUESTIONS WITH FULL SOLUTION
GRADED A+
◉ leading object rule. Answer: -an exception to the writing
requirement for collateral promises
-exist when the promisor's intention is to directly further his or her
own interests
◉ types of contracts that must be in writing. Answer: -contracts
involving an interest in land
-collateral contracts to pay the debt of another person
-contracts that can't be performed within one year from the date of
agreement
-contracts for the sale of goods totaling $500 or more
◉ oral contracts are enforceable. Answer: -part performance: land
title
-rules involving goods
-judicial admissions
◉ puffery. Answer: hyperbolic statement
,◉ genuine assent. Answer: -both parties have to mean what they're
doing
-no fraud, duress, or mistakes
◉ unconscionable. Answer: -contracts that are technically legal, but
so unfair, they might as well be illegal
-equitable defense
-have to show both:
1. procedural: unfair surprise
2. substantive: unfair terms that favor the drafter
◉ contracts can be. Answer: -written
-oral
-implied through past actions or industry customs
◉ Leonard v. PepsiCo. Answer: -unilateral contract
-promise from PepsiCo -> jet
-act -> Leonard -> $7M
-jet wasn't in the catalog
-Leonard lost & got his money back
,◉ Ryan Leslie laptop return. Answer: -promise -> $20k -> $1M
-act -> bag
-implied-in-fact contract -> laptop return
-court made him pay $1M + interest
◉ spoilation. Answer: -destruction of evidence in a civil lawsuit
-assume you're lying about something
◉ Johnson v. Harmon (1876). Answer: -intoxication was not a
defense -> Old English Common Law
-clear and easy
-nature and consequences of act -> incapable of understanding
◉ Lucy v. Zehmer (1954). Answer: -sell farm on cocktail napkin
-"high as a Georgia pine"
-defendant has to show they were too drunk to be in a contract
◉ Jackie Coogan. Answer: -mom spent his money
-California Statute -> Coogan's Law
◉ Exception to holding contracts to minors. Answer: -get cosigner
(parent)
, -if contract is for necessaries (food, place to stay, school)
-ratification: ratified the deal when you're 18
-emancipation: minor is mature enough to handle their own finances
◉ Coogan's Law. Answer: -California Statute
-judicial oversight
-fair hours, education
-Coogan account: 15% that can't be used; saved for child when they
turn 18
◉ economic duress. Answer: I really needed something
◉ gratuitous promise. Answer: -aren't legally binding
-requirement for consideration:
both sides are giving something
bargained for exchange
◉ nominal consideration. Answer: I'm paying something & you're
accepting something -> legally binding contract
-ex. Peppercorn Ceremony
◉ illusory promise. Answer: -"if you feel like it"
