Chapter 1 Promise
a. What is a K
i. A promise or set of promises that if breached a remedy is given by the law.
ii. Contract = (Offer+ acceptance) + consideration
b. Sources of K law
i. The UCC
1. Applies to Sale of Goods
a. UCC Definition of K
PRACTICE CONTRACTS EXAM
You have only 45 minutes to respond to each essay question. Answers are to be submitted to the drop
box on Springboard designated Practice Exam by 8:30 a.m. on Monday, October 10, 2011.
Each of the two questions asks you to assume
CONTRACTS Spring 2016
1) TYPES OF CONTRACTS:
i) A promise or set of promises for which the law gives a remedy.
b) UNILATERAL CONTRACT
i) Majority: acceptance only by full mirror image performance
ii) Minority: starting performance begins an o
a. Consideration a bargained for exchange (can be performance or a return promise)
i. Promise a manifestation of intention to act or refrain from acting in a specified way, so
made as to justify the recipient of the