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In some states, an otherwise unenforceable oral contract may be enforced under the
doctrine of promissory estoppel.
Misrepresentation of an opinion is an element of fraud.
There are no revocable offers.
Proximate cause exists when the connection between an act and an injury is strong
enough to justify imposing liability.
Limits on subsurface rights are normally stated in a document transferring ownership of
the land.
A lease is NOT exempted from coverage under the UCC.
A finder of mislaid property is an involuntary bailee.
The mirror image rule requires an acceptance to adhere exactly to an offer to create a
contract.
A breach of contract occurs only when a party fails to perform all of his or her duties
under a contract.
In most cases, listing an item in an auction constitutes an effective offer.
Under the Electronic Signatures in Global and National Commerce Act, a signature may
NOT be denied legal effect solely because it is in electronic form.
A person who does not know about a reward CANNOT claim it.
Under the "partial performance" exception to the UCC, an oral contract for goods worth
more than $500 is enforceable if the goods are specially manufactured for a particular
buyer.
An administrative law judge has the power to rule on question of evidence.
A corporation whose shares are all held by a single person is called a close corporation.
An oral contract for a sale of land can sometimes be enforced if partial performance has
taken place.
The intention to enter into a contract is judged by objective facts as interpreted by a
reasonable person.
A power of attorney must be in writing.
