5/15/25, 9:15 PM COMMERCIAL LAW FINAL EXAM 2025 | ALL QUESTIONS AND CORRECT ANSWERS | NEWEST EXAM 2025 | GRADED A+ | V…
COMMERCIAL LAW FINAL EXAM 2025 | ALL
QUESTIONS AND CORRECT ANSWERS | NEWEST
EXAM 2025 | GRADED A+ | VERIFIED ANSWERS
BRAND NEW
Offer- Serious proposal will lead to the forming of a
contract.
Name 3 elements of a Acceptance- Unconditional acceptance must be
contract, and define them. given either verbally or with actions.
Consideration- Something of value exchanged to
fulfill the contract.
Marriage
Name 3 examples of a Employment
contract in society. Method of Payment
Religious
What does "do novo" From the Beginning
mean?
What is another name for Clause or Term
a "provision"?
… 1/7
, 5/15/25, 9:15 PM COMMERCIAL LAW FINAL EXAM 2025 | ALL QUESTIONS AND CORRECT ANSWERS | NEWEST EXAM 2025 | GRADED A+ | V…
Party Names
Name 3 types of
Method of Payment
provisions found in a
Insurance
contract
Confidentiality
What is a Non-Complete A clause which one party agrees not to enter into the
Clause? What purpose same profession/trade in competition with another
doe sit serve? party.
Latin term for when parties Status Quo ante
go back to their original
position before entering
into the contract
Duress
Name 4 ways that a party Mistake
can challenge a contract Capacity
Misrepresentation
What is the broad legal Defence
term for all of the ways to
challenge a contract?
Paragraphs that come immediately before the
What part of the contract
consideration and agreement declaration.
is known as recitals? What
Provide short narrative of the general purpose of the
are Recitals?
contract.
What is "frustration" of a When something unforeseen happens that changes
contract? the terms of the contract.
Name 2 types of Express Warranty
warranties. Implied Warranty
Specifies a predetermined amount of money that must
What is liquidated damage
be paid as "damages" for failure to perform under a
clause?
contract
… 2/7
COMMERCIAL LAW FINAL EXAM 2025 | ALL
QUESTIONS AND CORRECT ANSWERS | NEWEST
EXAM 2025 | GRADED A+ | VERIFIED ANSWERS
BRAND NEW
Offer- Serious proposal will lead to the forming of a
contract.
Name 3 elements of a Acceptance- Unconditional acceptance must be
contract, and define them. given either verbally or with actions.
Consideration- Something of value exchanged to
fulfill the contract.
Marriage
Name 3 examples of a Employment
contract in society. Method of Payment
Religious
What does "do novo" From the Beginning
mean?
What is another name for Clause or Term
a "provision"?
… 1/7
, 5/15/25, 9:15 PM COMMERCIAL LAW FINAL EXAM 2025 | ALL QUESTIONS AND CORRECT ANSWERS | NEWEST EXAM 2025 | GRADED A+ | V…
Party Names
Name 3 types of
Method of Payment
provisions found in a
Insurance
contract
Confidentiality
What is a Non-Complete A clause which one party agrees not to enter into the
Clause? What purpose same profession/trade in competition with another
doe sit serve? party.
Latin term for when parties Status Quo ante
go back to their original
position before entering
into the contract
Duress
Name 4 ways that a party Mistake
can challenge a contract Capacity
Misrepresentation
What is the broad legal Defence
term for all of the ways to
challenge a contract?
Paragraphs that come immediately before the
What part of the contract
consideration and agreement declaration.
is known as recitals? What
Provide short narrative of the general purpose of the
are Recitals?
contract.
What is "frustration" of a When something unforeseen happens that changes
contract? the terms of the contract.
Name 2 types of Express Warranty
warranties. Implied Warranty
Specifies a predetermined amount of money that must
What is liquidated damage
be paid as "damages" for failure to perform under a
clause?
contract
… 2/7
