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28.
(p. 309)
In the U.S., which of the following are the two most important sources of contract law?
29.
(p. 309)
Today's law of contracts originated from judicial decisions in ______.
30.
(p. 309)
The law of contracts is primarily _______________ law.
31.
(p. 310)
Which of the following was propounded by prominent legal scholars, recruited by the
American Law Institute?
32.
(p. 310)
Which of the following is the reason the Uniform Commercial Code was drafted?
33.
(p. 310)
Which of the following is the part of the Uniform Commercial code governing contracts
for the sale of goods?
34.
(p. 310)
All contracts can be categorized as either ___________ or __________.
35.
(p. 311)
A[n] ______________ contract is commonly defined as a promise in exchange for a
promise.
36.
(p. 311)
Harry and Frank are in agreement that Harry will pay Frank $2,000 for a used car. At what
point is there a binding contract?
37.
(p. 312)
In a[n] _____________ contract, the offeror wants a performance to form the contract.
38.
(p. 313)
In which of the following does a contract arise not from words but from the conduct of
the parties?
39.
(p. 314)
Which of the following is sometimes referred to as an implied-in-law contract?
40.
(p. 314)
Which of the following is the most likely measure of recovery when a quasi-contract is
involved?
41.
(p. 316)
A[n] _____________ contract is one that contains all the legal elements of a contract.
42.
(p. 316)
A valid contract may be valid but _____________ when there is some law that prohibits the
courts from enforcing it.
43.
(p. 316)
Which of the following is in effect not a contract at all?
44.
(p. 316)
A contract is ______________ if one or both of the parties, without breaching the contract,
have the ability to either withdraw from the contract or enforce it.
45.
(p. 316)
Which of the following contracts are usually voidable?
46.
(p. 316)
Once all the terms of the contract have been fully performed, the contract is said to be
___________.
47.
(p. 316)
As long as some of the duties under a contract have not yet been performed, the contract
is considered ________________.
48.
(p. 317)
Which of the following is an example of a formal contract?
49.
(p. 317)
The reference to __________________ comes from the days when the contract was literally
sealed by a piece of soft wax into which an impression was made.
50.
(p. 317)
How many states still allow a contract without consideration to be enforced if it is under
seal?
51.
(p. 317)
A[n] _______________ arises when a person acknowledges in court that he or she will
perform some specified act or will pay a price upon failure to do so.
52.
(p. 317)
A ________________ is an agreement by the person who issues a letter to pay a sum of
money on receipt of an invoice and other documents.
