ACC 241 BYU Cummings (exam 2)Questions with complete
solution 2025/2026
1. Void contract No ettect and is not recognized under the law
you are not forced to enforce it
2. 4 Elements of 1) someone gives goods/services to someone else
an implied-in-fact 2) there is an expectation that the person will be paid
contract 3) persons receiving the goods knew or reasonably should've known
that the other person expected to be paid
4) Person receiving the goods had a chance to reject the
3. Serious goods/services but didn't Otters made out of anger, joking, or
objective
intent (offers) excitement wouldn't count as serious intent
4. Effective when re- - heard by anyone, received an email or letter
ceived (offers) -cant be revoked anytime up until until its accepted
Unilateral otter can be revoked up until substantial work has been done
5. Advertiseme Invitation to come and make an otter
nt (special
offers)
-the otteror can revoke the otter any point up until it is accepted
6. act of the
parties
(termination)
7. option contract A promise to leave an otter open for a time. to be valid must have separa
consideration
8. operation of law-by destruction
-supervening illegality: - the subject matter on the contract becomes illegal
9. Mirror rule 10. Effective when
(ac-
ceptances)
1/
9
, Must accept the mirror otter is, must be exactly how it was give no adding things to it
image of whatever the
-Excepted whenever is sent
sent/mailbox rule - unless: the address is incorrect, the parties agree it is ettective when
accepted by
(acceptances)
2/
9
solution 2025/2026
1. Void contract No ettect and is not recognized under the law
you are not forced to enforce it
2. 4 Elements of 1) someone gives goods/services to someone else
an implied-in-fact 2) there is an expectation that the person will be paid
contract 3) persons receiving the goods knew or reasonably should've known
that the other person expected to be paid
4) Person receiving the goods had a chance to reject the
3. Serious goods/services but didn't Otters made out of anger, joking, or
objective
intent (offers) excitement wouldn't count as serious intent
4. Effective when re- - heard by anyone, received an email or letter
ceived (offers) -cant be revoked anytime up until until its accepted
Unilateral otter can be revoked up until substantial work has been done
5. Advertiseme Invitation to come and make an otter
nt (special
offers)
-the otteror can revoke the otter any point up until it is accepted
6. act of the
parties
(termination)
7. option contract A promise to leave an otter open for a time. to be valid must have separa
consideration
8. operation of law-by destruction
-supervening illegality: - the subject matter on the contract becomes illegal
9. Mirror rule 10. Effective when
(ac-
ceptances)
1/
9
, Must accept the mirror otter is, must be exactly how it was give no adding things to it
image of whatever the
-Excepted whenever is sent
sent/mailbox rule - unless: the address is incorrect, the parties agree it is ettective when
accepted by
(acceptances)
2/
9
