BLAW 2301 CHRISTINA BETANZOS
EXAM 2 QUESTIONS FULLY SOLVED
CORRECT 2025-2026 EDITION.
Why do we have contracts - Answer so we can trust people we don't know
What is a contract - Answer A contract is a legally enforceable agreement/ promise or set of
promises that the law is willing to enforce
Elements of a contract - Answer offer acceptance consideration legality capacity consent
writing
Consideration - Answer proof you intended to form a contract
Legality - Answer contract has to have a legal purpose
Capacity - Answer of sound mind
How did contract law develop - Answer it developed through common law
Uniform commercial code (UCC) - Answer statute passed in all 50 states that governs
contracts for the sale of goods
Bilateral contract - Answer promise for a promise
Unilateral contract - Answer promise for performance
Executory - Answer not fully performed but still binding and enforcable
Executed - Answer once you have received what was promised
Valid - Answer all the terms have been satisfied
, Voidable - Answer if one of the parties lacks capacity or consent, basically cancels contract
Void - Answer a court is not going to enforce ( ie. illegal contracts)
Express - Answer one that is specifically stated
Implied - Answer implied by the conduct of the parties
When can you use promissory estoppel - Answer The defendant made a promise knowing
that the plaintiff would likely rely on it.The plaintiff did rely on the promise/The only way to
avoid injustice is to enforce the promise.
Quasi Contract - Answer an obligation of one party to another imposed by law
independently of an agreement between the parties.
If you can show that - Answer 1. He gave some benefit to the defendant. 2. He reasonably
expected to be paid for the benefit and the defendant knew this; and 3. The defendant would
be unjustly enriched if she did not pay.
Meeting of the minds - Answer overarching principles of offers and acceptances
Elements of offers - Answer Serious intent, To form a present offer, Were the terms
reasonably detailed
Person making offer - Answer offerer
Person receiving offer - Answer offeree
Gap filler provisions - Answer a buyer is not obligated to pay for goods before the buyer has
had a chance to inspect the goods, only affects UCC contracts
Terms that dont have to be filled in under UCC contracts - Answer Method of payment,
delivery terms, and quantity
EXAM 2 QUESTIONS FULLY SOLVED
CORRECT 2025-2026 EDITION.
Why do we have contracts - Answer so we can trust people we don't know
What is a contract - Answer A contract is a legally enforceable agreement/ promise or set of
promises that the law is willing to enforce
Elements of a contract - Answer offer acceptance consideration legality capacity consent
writing
Consideration - Answer proof you intended to form a contract
Legality - Answer contract has to have a legal purpose
Capacity - Answer of sound mind
How did contract law develop - Answer it developed through common law
Uniform commercial code (UCC) - Answer statute passed in all 50 states that governs
contracts for the sale of goods
Bilateral contract - Answer promise for a promise
Unilateral contract - Answer promise for performance
Executory - Answer not fully performed but still binding and enforcable
Executed - Answer once you have received what was promised
Valid - Answer all the terms have been satisfied
, Voidable - Answer if one of the parties lacks capacity or consent, basically cancels contract
Void - Answer a court is not going to enforce ( ie. illegal contracts)
Express - Answer one that is specifically stated
Implied - Answer implied by the conduct of the parties
When can you use promissory estoppel - Answer The defendant made a promise knowing
that the plaintiff would likely rely on it.The plaintiff did rely on the promise/The only way to
avoid injustice is to enforce the promise.
Quasi Contract - Answer an obligation of one party to another imposed by law
independently of an agreement between the parties.
If you can show that - Answer 1. He gave some benefit to the defendant. 2. He reasonably
expected to be paid for the benefit and the defendant knew this; and 3. The defendant would
be unjustly enriched if she did not pay.
Meeting of the minds - Answer overarching principles of offers and acceptances
Elements of offers - Answer Serious intent, To form a present offer, Were the terms
reasonably detailed
Person making offer - Answer offerer
Person receiving offer - Answer offeree
Gap filler provisions - Answer a buyer is not obligated to pay for goods before the buyer has
had a chance to inspect the goods, only affects UCC contracts
Terms that dont have to be filled in under UCC contracts - Answer Method of payment,
delivery terms, and quantity
