Blaw Exam 2 9-13 Latest Questions
Well Answered 2026 Updated.
A(n) _____ is a promise or set of promises for the breach of which the law gives a remedy or the
performance of which the law in some way recognizes a duty. - Answer contract
The _____ is the party who makes an offer to enter into a contract, and the _____ is the party
to whom the offer is made. - Answer offeror; offeree
Which of the following is NOT a required element of a contract? - Answer counteroffer
There are several sources of contract law in the United States. What are the three major sources
of contract law? - Answer common law of contracts, Uniform Commercial Code, Restatement
of Contracts
In 1932, the _______, a group comprised of law professors, judges, and lawyers, completed the
_______ of the Law of Contracts. The _______ is a compilation of contract law principles as
agreed on by the drafters. - Answer American Law Institute; Restatement; Restatement
Given the objective theory of contracts, a statement such as "Are you interested in selling your
building for $2 million?", would be considered a(n) ________. - Answer invitation to make an
offer
_______ theory of contracts is a theory stating that the intent to contract is judged by the
reasonable person standard and not by the _______ intent of the parties. - Answer
Objective; subjective
Contracts that have an illegal object are _____. - Answer void
Mary, the owner of the Chic Dress Shop, says to Peter, a painter, "If you paint my shop by July 1,
I will pay you $3,000. This offer can only be accepted by performance." This offer creates a
_____. - Answer unilateral contract
A(n) _____ contract has no legal effect. - Answer void
A completed contract is called a(n) _____ contract - Answer executed
, On January 1, Carmen agrees to sell her house to Hugo and they sign a contract with a closing
date on February 28. On February 1, the contract would be considered _____. - Answer
executory
On January 1, Carmen agrees to sell her house to Hugo and they sign a contract with a closing
date on February 28. On March 1, after both parties have fully performed, the contract would
be considered _____. - Answer executed
Big Company enters into an agreement to purchase 5,000 computers from Little Computer LLC.
Which law would apply to this transaction? - Answer Article 2 of the UCC
A written agreement to buy an automobile from a dealership is a(n)_____ contract. - Answer
express
A quasi-contract is also known as a(n) _____ contract. - Answer implied-in-law
Andrey is injured in a motorcycle accident and is rushed to the hospital, where he is
unconscious. In order to save his badly injured leg, the hospital operates on the leg while
Andrey is still unconscious. Andrey would be responsible for paying the hospital bill under the
doctrine of _____ contract. - Answer quasi-
_______ is a doctrine that permits judges to make decisions based on fairness, equality, moral
rights, and _______. - Answer Equity; natural law
Electronic licensing usually concerns computer and software information. E-commerce has now
created problems for ________. - Answer forming e-contracts over the internet, enforcing e-
contracts, and providing consumer protection
_____ is the manifestation of two or more persons of the substance of a contract. - Answer
An agreement
Which of the following is a required element for an offer to be effective? - Answer The terms
of the offer must be definite or reasonably certain.
In order for an offer to be valid, the offeror must _____ intend to be bound by the offer. -
Answer objectively
Which of the following is a correct statement regarding an advertisement for the sale of goods?
- Answer An advertisement for the sale of goods constitutes an invitation to make an offer.
Well Answered 2026 Updated.
A(n) _____ is a promise or set of promises for the breach of which the law gives a remedy or the
performance of which the law in some way recognizes a duty. - Answer contract
The _____ is the party who makes an offer to enter into a contract, and the _____ is the party
to whom the offer is made. - Answer offeror; offeree
Which of the following is NOT a required element of a contract? - Answer counteroffer
There are several sources of contract law in the United States. What are the three major sources
of contract law? - Answer common law of contracts, Uniform Commercial Code, Restatement
of Contracts
In 1932, the _______, a group comprised of law professors, judges, and lawyers, completed the
_______ of the Law of Contracts. The _______ is a compilation of contract law principles as
agreed on by the drafters. - Answer American Law Institute; Restatement; Restatement
Given the objective theory of contracts, a statement such as "Are you interested in selling your
building for $2 million?", would be considered a(n) ________. - Answer invitation to make an
offer
_______ theory of contracts is a theory stating that the intent to contract is judged by the
reasonable person standard and not by the _______ intent of the parties. - Answer
Objective; subjective
Contracts that have an illegal object are _____. - Answer void
Mary, the owner of the Chic Dress Shop, says to Peter, a painter, "If you paint my shop by July 1,
I will pay you $3,000. This offer can only be accepted by performance." This offer creates a
_____. - Answer unilateral contract
A(n) _____ contract has no legal effect. - Answer void
A completed contract is called a(n) _____ contract - Answer executed
, On January 1, Carmen agrees to sell her house to Hugo and they sign a contract with a closing
date on February 28. On February 1, the contract would be considered _____. - Answer
executory
On January 1, Carmen agrees to sell her house to Hugo and they sign a contract with a closing
date on February 28. On March 1, after both parties have fully performed, the contract would
be considered _____. - Answer executed
Big Company enters into an agreement to purchase 5,000 computers from Little Computer LLC.
Which law would apply to this transaction? - Answer Article 2 of the UCC
A written agreement to buy an automobile from a dealership is a(n)_____ contract. - Answer
express
A quasi-contract is also known as a(n) _____ contract. - Answer implied-in-law
Andrey is injured in a motorcycle accident and is rushed to the hospital, where he is
unconscious. In order to save his badly injured leg, the hospital operates on the leg while
Andrey is still unconscious. Andrey would be responsible for paying the hospital bill under the
doctrine of _____ contract. - Answer quasi-
_______ is a doctrine that permits judges to make decisions based on fairness, equality, moral
rights, and _______. - Answer Equity; natural law
Electronic licensing usually concerns computer and software information. E-commerce has now
created problems for ________. - Answer forming e-contracts over the internet, enforcing e-
contracts, and providing consumer protection
_____ is the manifestation of two or more persons of the substance of a contract. - Answer
An agreement
Which of the following is a required element for an offer to be effective? - Answer The terms
of the offer must be definite or reasonably certain.
In order for an offer to be valid, the offeror must _____ intend to be bound by the offer. -
Answer objectively
Which of the following is a correct statement regarding an advertisement for the sale of goods?
- Answer An advertisement for the sale of goods constitutes an invitation to make an offer.
