LEGL 2700 Chapter 3 – Roessing Exam Questions and Answers | 100% pass

contract - Answer ️️ a legally enforceable promise or an exchange of promises Uniform Commercial Code - Answer ️️ most important example of state-based legislation impacting contract law goods - Answer ️️ tangible, movable items of personal property bilateral contract - Answer ️️ an agreement containing mutual promises unilateral contract - Answer ️️ an agreement with only one promise, and only one party is committed to perform; seeks an action rather than a promise in return express contract - Answer ️️ contract that arises from interactions in which parties actually discuss the promised terms of their agreement implied-in-fact contract - Answer ️️ contract that arises from the conduct of the parties rather than from words implied-in-law contract - Answer ️️ when the law implies a duty on a party to the second even though there is no contract between them "quasi-contract" enforceable contract - Answer ️️ the court upholds the validity of a promise unenforceable contract - Answer ️️ a defense exists that denies the legal enforcement of an agreement