Promisor Study guides, Revision notes & Summaries
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AIC301 Exam Questions with Complete Solutions Graded A+
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AIC301 Exam Questions with Complete Solutions Graded A+ 
A legally enforceable agreement between two or more parties. - Answer-contract 
 
The party to a contract making a promise. - Answer-Promisor 
 
The party to a contract to whom a promise is made. - Answer-Promisee 
 
The relationship that exists between the parties to a contract. - Answer-Privity of contract 
 
A person who is not a party to a contract but who benefits from it and has a legal right to enforce the contract if it is breached...
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business law Collin College -Business Law with answers rated A+
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business law Collin College -Business Law with answers rated A+consideration - correct answer the inducement to enter into a contract- something of legal value must be exchanged 
1. legal sufficiency 
2. bargained for exchange 
 
legal sufficiency - correct answer promise must give up something of legal value or promisor must receive something of legal value 
1. legal detriment 
2. legal benefit 
 
legal detriment - correct answer doing that which the promise was under no prior legal obligation...
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BUL4421 Final Gendler Exam 2024 Questions and Answers 100% Accurate!
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BUL4421 Final Gendler Exam 2024 QuestioContract - ANSWERS"A promise or set of promises for the breach of which the law gives a remedy or the performance of which the law is some way recognizes a duty" an agreement between two or more competent parties, to perform or refrain from performing some present or future act. 
 
Contract Law - ANSWERSReflects what promises/commitments our society believes should be legally binding. 
 
Breach of contract - ANSWERSThe failure, without legal excuse, of a ...
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LEGL 2700 Exam 2 2023 with 100% correct answers
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Promise - correct answer A commitment or willingness to be bound to a contract obligation 
 
Uniform Commercial Code (UCC) - correct answer The most successful attempt to have states adopt a uniform law 
Purpose is to simplify, clarify, and modernize the laws governing commercial transactions 
 
Goods - correct answer Tangible (touchable), movable personal property 
 
Bilateral Contract - correct answer Promise in exchange for a promise 
Involves promisor and promisee 
Usually made to a specific...
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LEGL 2700 Roessing Exam 2 Prep Set Questions & Correct Answers
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LEGL 2700 Roessing Exam 2 Prep Set 
Questions & Correct Answers 
Promise - ANSWER : A commitment or willingness to be 
bound to a contract obligation 
Contract - ANSWER : A legally enforceable agreement 
between two or more parties that requires: 
-Offer and acceptance 
-Contractural capacity 
-Genuine Assent 
-Lawful Purpose 
-Lawful Form 
Uniform Commercial Code (UCC) - ANSWER : The most 
successful attempt to have states adopt a uniform law 
Purpose is to simplify, clarify, and modernize t...
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LEGL 2700 Roessing Exam 2
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Promise - Answer-A commitment or willingness to be bound to a contract obligation 
 
Uniform Commercial Code (UCC) - Answer-The most successful attempt to have states adopt a uniform law 
Purpose is to simplify, clarify, and modernize the laws governing commercial transactions 
 
Goods - Answer-Tangible (touchable), movable personal property 
 
Bilateral Contract - Answer-Promise in exchange for a promise 
Involves promisor and promisee 
Usually made to a specific person 
Acceptance, then perfor...
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TCU Final Exam Catalano (BLAW) Study Guide with Complete Solutions Graded A 2024
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what is strict performance? - recquires one party to fufill obligation and there is no deviation from the contract; obligation must be expressly demanded within the contract & the demand must be reasonable 
 
what is substantial performance? - 1 party fulfills enough of the contract to obtain a warrant of payment 
 
what results from a failed substantial performance? - the party that fails to perform will receive nothing in the contract itself & will recover only the value of the work (if any) 
...
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BLAW212 Final 2023-2024 Exam Questions with Correct Answers
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BLAW212 Final Exam Questions with Correct Answers 
Executory consideration - Answer-a promise to do something (or refrain from it) in the future; e.g. hire purchase of a car, mow lawns next week for $20 
(a promise for a promise) 
 
Executed consideration - Answer-something given or done when the contract comes into existence; cash purchase, reward for lost property 
 
Privity of Contract - Answer-only a party to the contract can sue on the contract. a third party may not sue for a benefit 
 
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![LEGL 2700 Roessing Exam 2 Questions and Answers 2024.](/docpics/4788046/65f9f2c4bac4f_4788046_121_171.jpeg)
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LEGL 2700 Roessing Exam 2 Questions and Answers 2024.
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LEGL 2700 Roessing Exam 2 Questions and Answers 2024. 
Promise - correct answer A commitment or willingness to be bound to a contract obligation 
Uniform Commercial Code (UCC) - correct answer The most successful attempt to have states adopt a 
uniform law 
Purpose is to simplify, clarify, and modernize the laws governing commercial transactions 
Goods - correct answer Tangible (touchable), movable personal property 
Bilateral Contract - correct answer Promise in exchange for a promise 
Involves...
![LEGL 2700 Roessing Exam 2 Questions and Answers](/docpics/4077331/658693c4c2fc4_4077331_121_171.jpeg)
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LEGL 2700 Roessing Exam 2 Questions and Answers
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LEGL 2700 Roessing Exam 2 Questions and Answers 
Promise - Answer ️️ A commitment or willingness to be bound to a contract obligation 
Uniform Commercial Code (UCC) - Answer ️️ The most successful attempt to have states 
adopt a uniform law 
Purpose is to simplify, clarify, and modernize the laws governing commercial transactions 
Goods - Answer ️️ Tangible (touchable), movable personal property 
Bilateral Contract - Answer ️️ Promise in exchange for a promise 
Involves promisor ...
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