Quiz 3 Word List
Bilateral contract- a type of contract that arises when a promise is given in exchange for a return
Collateral Promise- a secondary promise that is ancillary (subsidiary) to a principal transaction or
primary contractual relations
Quiz 1 Word List
Appropriation- In tort law, the use by one person of another persons name or other identifying
characteristics without permission for benefit of the user
Arbitration- the settling of a dispute by submitting it to a third party, who render
Alternative Extra Credit Option for Quiz 2 - due 07/28/14
Please answer the following:
1. Assume that Andrew, Bob, Carol and Donald own property as tenants in common.
Donald sells his interest to Edward. After the sale, who will own the property?
Quiz 2 Word List
Adverse possession- the acquisition of title to real property by occupying it openly, without the consent
of the owner, for a period of time specified by a state statute. The occupation must be actual, open,
If a person makes the statement below, is there an offer?
1. I am so fed up with repair bills I wish I never bought this car. I would sell it
for $100 if I could.
No, there isnt an offer. Its a statement in jest, because th