LES 305 Test 2, LES 305 Exam 2 Study
Guide Clark Modules 6-14, LES 305 - Clark
Exam 2 Review Questions And Answers
100% Correct
A complete and well-written contract should contain all of the following except
Philosophy (Termination conditions
Clauses
Definitions)
Bill is a very skilled attorney with a very strong background in Latin. Therefore, when he writes
contracts for his clients, he uses as much legalese and Latin legal terminology as possible. Which
statement below is correct? Whenever possible, an attorney should avoid legalese and
instead use plain-English to make contracts easier to understand
The four required elements of a contract are Mutual assent, consideration, capacity and
legal purpose
When the reason and outcome of a contract are legal, the contract has legal purpose
, LES 305 Test 2, LES 305 Exam 2 Study
Guide Clark Modules 6-14, LES 305 - Clark
Exam 2 Review Questions And Answers
100% Correct
A professor tells a student that if she writes a 5,000-word paper on the evils of plagiarism by
May 13, he will pay her $750. Which of the following is true? The offer is for a unilateral
contract.
Evan promises to pay Joseph $100.00 if he does not swear for the entire weekend. This is an
example of a __________ contract. Unilateral
__________ is a medieval European law established a uniform and unbiased system for deciding
commercial disputes across borders and political boundaries. The Lex Meracatoria
In general, contracts for the sale of goods are governed by: state statutory law based on
the Uniform Commercial Code.
Eduardo emails Skyler "Hey, I will sell you my Business Law text for $50.00." Skyler
immediately responds, "$50??!! Cool! YES!" This example illustrates what concept of contract
formation? Meeting of the minds
, LES 305 Test 2, LES 305 Exam 2 Study
Guide Clark Modules 6-14, LES 305 - Clark
Exam 2 Review Questions And Answers
100% Correct
All of the following are required for promissory estoppel except The offeree was a minor
(The offeree actually relied on the promise and suffered an injury.
The reliance was reasonably foreseeable.
The offeror makes a reasonable offer.)
In order to have mutual assent, there must be An offer and an acceptance that is the
precise mirror image of the offer
Morgan downloads some software for a video gaming system. She does not click "I agree" and
the terms are posted only in a link at the bottom of the page. By completing the download she
agrees to the terms in what type of agreement. Browse-Wrap
According to the mailbox rule, an acceptance if effective when dispatched by the offeree
in a commercially reasonable manner.
, LES 305 Test 2, LES 305 Exam 2 Study
Guide Clark Modules 6-14, LES 305 - Clark
Exam 2 Review Questions And Answers
100% Correct
Gabrielle, a 19 year old college freshman, promises not to drink any alcohol while she is away at
college in exchange for her parents' promise to pay for her tuition. Is there consideration?
No because Gabrielle is not giving up something of legal value as she is under 21 years.
Aimee and Claire both own their own bakeries in Edwardsville. They both agree with each other
to sell their cupcakes for $5.00. Is this contract enforceable? No as it is a restraint on
trade which is against public policy.
16 year old Grace agrees to quit school to work for Andrew in his flower shop full-time. When
Grace's mom finds out what she has done, she orders her to tell Andrew that she will quit the job.
This is called Disaffirmance
Tom is late for a class and tells his friend Shameem that he will pay her $100.00 to drive 20
miles over the speed limit so that he can make it to class on time. Is there a contract? No
as an agreement to violate a statue is illegal and void
Guide Clark Modules 6-14, LES 305 - Clark
Exam 2 Review Questions And Answers
100% Correct
A complete and well-written contract should contain all of the following except
Philosophy (Termination conditions
Clauses
Definitions)
Bill is a very skilled attorney with a very strong background in Latin. Therefore, when he writes
contracts for his clients, he uses as much legalese and Latin legal terminology as possible. Which
statement below is correct? Whenever possible, an attorney should avoid legalese and
instead use plain-English to make contracts easier to understand
The four required elements of a contract are Mutual assent, consideration, capacity and
legal purpose
When the reason and outcome of a contract are legal, the contract has legal purpose
, LES 305 Test 2, LES 305 Exam 2 Study
Guide Clark Modules 6-14, LES 305 - Clark
Exam 2 Review Questions And Answers
100% Correct
A professor tells a student that if she writes a 5,000-word paper on the evils of plagiarism by
May 13, he will pay her $750. Which of the following is true? The offer is for a unilateral
contract.
Evan promises to pay Joseph $100.00 if he does not swear for the entire weekend. This is an
example of a __________ contract. Unilateral
__________ is a medieval European law established a uniform and unbiased system for deciding
commercial disputes across borders and political boundaries. The Lex Meracatoria
In general, contracts for the sale of goods are governed by: state statutory law based on
the Uniform Commercial Code.
Eduardo emails Skyler "Hey, I will sell you my Business Law text for $50.00." Skyler
immediately responds, "$50??!! Cool! YES!" This example illustrates what concept of contract
formation? Meeting of the minds
, LES 305 Test 2, LES 305 Exam 2 Study
Guide Clark Modules 6-14, LES 305 - Clark
Exam 2 Review Questions And Answers
100% Correct
All of the following are required for promissory estoppel except The offeree was a minor
(The offeree actually relied on the promise and suffered an injury.
The reliance was reasonably foreseeable.
The offeror makes a reasonable offer.)
In order to have mutual assent, there must be An offer and an acceptance that is the
precise mirror image of the offer
Morgan downloads some software for a video gaming system. She does not click "I agree" and
the terms are posted only in a link at the bottom of the page. By completing the download she
agrees to the terms in what type of agreement. Browse-Wrap
According to the mailbox rule, an acceptance if effective when dispatched by the offeree
in a commercially reasonable manner.
, LES 305 Test 2, LES 305 Exam 2 Study
Guide Clark Modules 6-14, LES 305 - Clark
Exam 2 Review Questions And Answers
100% Correct
Gabrielle, a 19 year old college freshman, promises not to drink any alcohol while she is away at
college in exchange for her parents' promise to pay for her tuition. Is there consideration?
No because Gabrielle is not giving up something of legal value as she is under 21 years.
Aimee and Claire both own their own bakeries in Edwardsville. They both agree with each other
to sell their cupcakes for $5.00. Is this contract enforceable? No as it is a restraint on
trade which is against public policy.
16 year old Grace agrees to quit school to work for Andrew in his flower shop full-time. When
Grace's mom finds out what she has done, she orders her to tell Andrew that she will quit the job.
This is called Disaffirmance
Tom is late for a class and tells his friend Shameem that he will pay her $100.00 to drive 20
miles over the speed limit so that he can make it to class on time. Is there a contract? No
as an agreement to violate a statue is illegal and void
