Paralegal 041 - Contract Law » 2019 » Chapter 1 Review Materials
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Question #1
One party has power to invalidate contract
A.
Voidable
B.
Valid
C.
Void
D.
Statute of Frauds
Question #2
Dictates types of contracts that must be written
A.
Statute of Frauds
B.
Torts
C.
Torts
D.
Bill of lading
Question #3
Short summary of facts, issues, holding, and reasoning of a judicial decision
A.
Bill of lading
B.
Letter of Credit
C.
Statute of Frauds
D.
Case Brief
Question #4
Contract in which both parties make promises
A.
Bilateral
B.
Statute of Frauds
C.
Limitations Period
D.
Letter of Credit
Question #5
An irrevocable promise by a buyer's bank to pay the seller when conditions are met
A.
Voidable
B.
Torts
C.
Letter of Credit
D.
Manifestation of Mutual Assent
Question #6
Documentation of the receipt of goods for shipment, issued by a party in the business of transporting goods
A.
Case Brief
B.
Bill of lading
C.
Voidable
D.
Torts
Question #7
Based on fairness and individual circumstances
A.
Manifestation of Mutual Assent
B.
Equitable
C.
Case Brief
D.
Bill of lading
Question #8
Contract formed without express statement of terms, by words and actions
A.
Express
B.
Bill of lading
C.
Torts
D.
Tacit
Question #9
Ability, as determined by age and mental competence, to enter into a contract
A.
Capacity
B.
Statute of Frauds
C.
Limitations Period
D.
Case Brief
Question #10
Law applicable to injuries to people or property
A.
Case Brief
B.
Torts
C.
Limitations Period
D.
Statute of Frauds
Question #11
Time limit on bringing lawsuit, based on statute of limitations
A.
Limitations Period
B.
Equitable
C.
Case Brief
D.
Expiration
Question #12
Person receiving a gift
A.
Donee
B.
Lessee
C.
Donor
D.
Lessor
Question #13
An element of an enforceable contract
A.
Equitable
B.
Legality
C.
Venue
D.
Jurisdiction
Question #14
Completed transfer of property without consideration
A.
Sale
B.
Bilateral
C.
Unilateral
D.
Gift
Question #15
Contract for which no particular form is required
A.
Implied
B.
Formal
C.
Informal
D.
Valid
Question #16
A contract required to be in a particular form
A.
Valid
B.
Formal
C.
Express
D.
Informal
Question #17
Set of legally enforceable promises
A.
Donation
B.
Contract
C.
Equitable
D.
Sale
Question #18
An agreement with no legal effect
A.
Valid
B.
Void
C.
Voidable
D.
Equitable
Question #19
Appearance that an agreement has been reached
A.
Contract
B.
Implied
C.
Manifestation of Mutual Assent
D.
Express
Question #20
Person making a gift
A.
Donee
B.
Lessee
C.
Lessor
D.
Donor
Question #21
Contract formed when one party acts in response to other party's promise
A.
Bilateral
B.
Formal
C.
Unilateral
D.
Informal
Question #22
Contract in which all obligations have been fulfilled
A.
Executed
B.
Completed
C.
Complied
D.
Legal
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