LWC1_Study_Plan - LWC1 S TUDY P LAN Before beginning this...

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LWC1 S TUDY P LAN Before beginning this study plan, it is critical that you have access to both textbooks and the SKillSoft Library. All WGU assessments are created using these textbooks, so they will be your primary resources as you move through this work. When you work through this student plan, type in your answers to the questions below and create a study guide using the key terms from each section. You may also consider using the key terms to create flash cards that can be used as you prepare for the exam. C ONTRACTUAL R ELATIONSHIPS Chap Study Questions 10 1. What is the definition of a contract? A legally enforceable promise or set of promises 2. Describe the various types of contracts. Bilateral and unilateral Express and implied Executory and executed Valid Unenforeable Voidable Void Agreements Promissory Estoppel Quasi Contract 3. Identify and describe the theories of recovery in contract law. ?? 17 1. Ωηατ χονδιτιονσ ϖουλδ χονστιτυτε α δισχηαργε οφ α χοντραχτ? 2. ∆εσχριβε τηε χονδιτιονσ φορ α δισχηαργε οφ α χοντραχτυαλ οβλιγατιον. 3. ∆εσχριβε τψπεσ οφ αχχεπταβλε περφορμανχε οφ α χοντραχτ. 4. Ωηατ χονστιτυτεσ α βρεαχη οφ α χοντραχτ? 18 1. Ωηατ ισ τηε δεφινιτιον οφ α χοντραχτ? 2. ∆εσχριβε τηε ωαριουσ τψπεσ οφ χοντραχτσ 3. Ιδεντιφψ ανδ δεσχριβε τηε τηεοριεσ οφ ρεχοωερψ ιν χοντραχτ λαϖ. General Questions
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1. Ωηατ ισ τηε ποιντ ατ ϖηιχη α λεγαλ αγρεεμεντ ισ σαιδ το ηαωε οχχυρρεδ? 2. Ωηατ ισ τηε διφφερενχε βετϖεεν αν ενφορχεαβλε, υνενφορχεαβλε, εξπρεσσ ανδ ιμπλιεδ χοντραχτ? 3. ∆εσχριβε α σιτυατιον ϖηερε α βρεεχη οφ χοντραχτ ηασ οχχυρρεδ. 4. Ιφ τηερε ισ α βρεεχη οφ χοντραχτ, ϖηατ ρεμεδιεσ αρε αωαιλαβλε? Key Topics 1. Τψπεσ οφ Χοντραχτσ 2. Βρεεχη οφ Χοντραχτσ 3. Ρεμεδιεσ φορ Βρεεχη οφ Χοντραχτσ Γ ΟςΕΡΝΜΕΝΤ Ρ ΕΓΥΛΑΤΙΟΝ ΟΦ Β ΥΣΙΝΕΣΣ Chap Study Questions 39 1. Ωηατ αρε τηε Σηερμαν ανδ Χλαψτον Αντιτρυστ Αχτσ? 2. ∆εσχριβε τηε κεψ προωισιονσ οφ τηε Σηερμαν ανδ Χλαψτον Αντιτρυστ Αχτσ 3. ∆εσχριβε τηε ωαριετψ οφ αγγρεσσιωε βυσινεσσ αχτιονσ τηατ αρε ιλλεγαλ ασ ωιολατιονσ οφ αντιτρυστ ρεγυλατιονσ. 40
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