Connect chapter 8 BUSA Exam 2026
Questions and Answers
Every state has adopted some version of Article 2 of the Uniform commercial code
(UUC) that has resulted in ______________. - Correct answer-state contract law
being relatively uniform in the area of goods contracts
Identify the true statements about the uniform commercial code (UCC). - Correct
answer-- Article 2 of the UCC covers the sale of goods.
- it is an example of state-based legislation impacting contract law.
a unilateral contract - Correct answer-it is an agreement involving only one
promise
a bilateral contract - Correct answer-it is an agreement containing mutual promises
express contracts - Correct answer-they arise from interactions in which the parties
actually discuss the promised terms of their agreement
implied-in-fact contracts - Correct answer-they arise from the conduct of the
parties rather than from words
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, identify a feature of an implied-in-law contract. - Correct answer-there is no actual
contractual agreement involved.
an enforceable contract - Correct answer-it is created when a court upholds the
validity of promises made by parties to perform or pay to the consequences for the
failure of performances
an unenforceable contract - Correct answer-it is created when a nonperforming
party has a justifiable reason for noncompliance with a promise.
a(n) __________ contract is created when an agreement is enforceable because all
the essential requirements are present. - Correct answer-valid
an executed contract - Correct answer-it is an agreement in which the parties have
performed their promises
an executory contract - Correct answer-it is an agreement in which the parties have
not yet performed their agreement.
identify the true statements about the termination of offers to contract by operation
of law. - Correct answer--the termination of an offer by operation of law occurs
when the object of the contract is legally eliminated
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
Questions and Answers
Every state has adopted some version of Article 2 of the Uniform commercial code
(UUC) that has resulted in ______________. - Correct answer-state contract law
being relatively uniform in the area of goods contracts
Identify the true statements about the uniform commercial code (UCC). - Correct
answer-- Article 2 of the UCC covers the sale of goods.
- it is an example of state-based legislation impacting contract law.
a unilateral contract - Correct answer-it is an agreement involving only one
promise
a bilateral contract - Correct answer-it is an agreement containing mutual promises
express contracts - Correct answer-they arise from interactions in which the parties
actually discuss the promised terms of their agreement
implied-in-fact contracts - Correct answer-they arise from the conduct of the
parties rather than from words
©COPYRIGHT 2025, ALL RIGHTS RESERVED 1
, identify a feature of an implied-in-law contract. - Correct answer-there is no actual
contractual agreement involved.
an enforceable contract - Correct answer-it is created when a court upholds the
validity of promises made by parties to perform or pay to the consequences for the
failure of performances
an unenforceable contract - Correct answer-it is created when a nonperforming
party has a justifiable reason for noncompliance with a promise.
a(n) __________ contract is created when an agreement is enforceable because all
the essential requirements are present. - Correct answer-valid
an executed contract - Correct answer-it is an agreement in which the parties have
performed their promises
an executory contract - Correct answer-it is an agreement in which the parties have
not yet performed their agreement.
identify the true statements about the termination of offers to contract by operation
of law. - Correct answer--the termination of an offer by operation of law occurs
when the object of the contract is legally eliminated
©COPYRIGHT 2025, ALL RIGHTS RESERVED 2
