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Contract Law for Paralegals final exam 2025 VERIFIED EXAM QUESTIONS WITH ANSWER TO PREPARE FOR TCONTRACT LAW FOR PARALEGALS NFPA,NALA,NALS AND CLE Providers CERTIFIED UPDATED 2025 GRADED A+

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Contract Law for Paralegals final exam 2025 VERIFIED EXAM QUESTIONS WITH ANSWER TO PREPARE FOR TCONTRACT LAW FOR PARALEGALS NFPA,NALA,NALS AND CLE Providers CERTIFIED UPDATED 2025 GRADED A+

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Institution
Contract Law
Course
Contract Law

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Number of pages
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Written in
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Contract Law for Paralegals final exam 2025
VERIFIED EXAM QUESTIONS WITH ANSWER TO
PREPARE FOR TCONTRACT LAW FOR PARALEGALS
NFPA,NALA,NALS AND CLE Providers CERTIFIED
UPDATED 2025
GRADED A+




In Hamer v. Sidway, if state law made major age 18, and nephew aged 17 contracted with his
adult uncle, the contract would be

Voidable




Emancipated minors

Minors not under care of adult




Mental capacity

Able to comprehend nature and effect of K




A person under the influence of ____ or ______ is incapable of entering a valid contract for
lack of capacity

Drugs or alcohol




Minors entering K for ______ are still liable for breach

Necessaries (e.g. Food, clothing, shelter, medical assistance, etc.)

,Intent

Mutual assent to comply with terms of K




Suspect mutual assent

• induced by fraud into k

• coerced into k

• mistake over terms




Contractual intent may be undermined in three ways:

Fraud, Duress, Mistake




Five elements of fraud

• Misrepresentation

• Material fact

• Intent to deceive

• Relied on by other party

• To detriment




K entered by fraud is

Voidable for lack of mutual assent




Types of duress that invalidate K

• physical duress

• economic duress

• mental duress

• undue influence

• contract of adhesion

,K voidable by innocent party due to unequal bargaining power

Contract of adhesion




Misconception about subject matter of K

Mistake




Illusory promises

K is invalid if either party can not perform




Pre-existing duty rule

There can't be K involving required performance (e.g. cops contract to arrest burglar)




Past consideration is inapplicable to a new agreement

True




Most written pledges are unenforceable due to lack of

Consideration




Accord and satisfaction

Breach of K where parties agree to settle versus litigate




Satisfaction

Performance of accord




Accord

New agreement

, Output K

K where party buys all other puts out




Requirement K

K where party agrees to produce all the other requires




Specific performance

Court order to perform K promises, item must be unique; money won't do (e.g. K for Dream
Theater album w/ Kevin Moore on keys where Moore is substituted with cyborg Jordan
Rudess.)




Promissory estoppel

Detrimental reliance on unfulfilled promise




Contractual capacity

Ability to comprehend nature/effect of K.




Competency

Ability to comprehend nature/effects of K




Infancy doctrine

Allows minors to disaffirm




Duty of restitution (adult)

Competent party must return consideration to minor

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