BLAW 316 NMSU EXAM 3 (2025)
QUESTIONS WITH 100% SOLVED
ANSWERS!!
No legal force or effect.
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2 of 64
Term
One party can assume risk of a contract mistake..
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Regardless of contract terms or Regardless if the contract is in
conditions writing
Only if the contract is signed by
Only if the contract is oral
both parties
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3 of 64
Term
Notice of revocation of an offer must be communicated to the
offeree by the same method that the offer was communicated to the
offeree. T/F
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True
, False, it only has to be signed by the
party who to be charged.
1) Mutual assent 2)Consideration
False
3)Legality 4)Contractual Capacity
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4 of 64
Definition
(Sort of or As if contracts) to prevent unjustly enriched.Example:
Someone paints your house instead of your neighbor's house and
you stand there and allow them to do it. They come to ask for your
payment and you say you never wanted your house painted, it was
your neighbor's house they were suppose to paint. Since you stood
and allowed them to paint your house, you will still have to pay the
reasonable market value for the paint job.
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Rescissible Contracts Quasi-contracts
Adhesion Contracts Bilateral Contract
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5 of 64
, Definition
You put a down payment so that they can keep the offer open for
you, this is buying an "option."
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Option Contract Executed Contract
Express Contract Bilateral Contract
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6 of 64
Term
The perfect tender rule is strictly applied to which circumstances
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Lease agreements governed by Real estate transactions regardless
local regulations. of location.
Sales of goods governed by
Service contracts under common
the UCC regardless of the
law regardless of the value.
price.
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QUESTIONS WITH 100% SOLVED
ANSWERS!!
No legal force or effect.
, Don't know?
2 of 64
Term
One party can assume risk of a contract mistake..
Give this one a try later!
Regardless of contract terms or Regardless if the contract is in
conditions writing
Only if the contract is signed by
Only if the contract is oral
both parties
Don't know?
3 of 64
Term
Notice of revocation of an offer must be communicated to the
offeree by the same method that the offer was communicated to the
offeree. T/F
Give this one a try later!
True
, False, it only has to be signed by the
party who to be charged.
1) Mutual assent 2)Consideration
False
3)Legality 4)Contractual Capacity
Don't know?
4 of 64
Definition
(Sort of or As if contracts) to prevent unjustly enriched.Example:
Someone paints your house instead of your neighbor's house and
you stand there and allow them to do it. They come to ask for your
payment and you say you never wanted your house painted, it was
your neighbor's house they were suppose to paint. Since you stood
and allowed them to paint your house, you will still have to pay the
reasonable market value for the paint job.
Give this one a try later!
Rescissible Contracts Quasi-contracts
Adhesion Contracts Bilateral Contract
Don't know?
5 of 64
, Definition
You put a down payment so that they can keep the offer open for
you, this is buying an "option."
Give this one a try later!
Option Contract Executed Contract
Express Contract Bilateral Contract
Don't know?
6 of 64
Term
The perfect tender rule is strictly applied to which circumstances
Give this one a try later!
Lease agreements governed by Real estate transactions regardless
local regulations. of location.
Sales of goods governed by
Service contracts under common
the UCC regardless of the
law regardless of the value.
price.
Don't know?
