Exam (elaborations)
BUS 302L Law Exam | Questions and Answers Latest {} A+ Graded | 100% Verified
- Course
- Institution
BUS 302L Law Exam | Questions and Answers Latest {} A+ Graded | 100% Verified
[Show more]
Content preview
BUS 302L Law Exam | Questions and Answers Latest {2024- 2025} A+ Graded | 100%Verified
Offer Requirements - 1. intent to contract
2. definiteness of terms
3. communicated
*NOT ADS
Firm Offer Requirements (Merchant Rule) - 1. be made by an offeror who is merchant
2. be contained in a signed writing
3. give assurances that the offer will be kept open
(max 90 days)
Unilateral Contract - when only one party makes a promise
*rewards program, lost dog
Bilateral Contract - both parties make promises and the contract is formed after they exchange
*traditional sale/rent etc.
Option - separate contract in which an offeror agrees not to revoke in exchange for valuables
*rent deposit
Promissory Estoppel - prevents offeror from revoking their offers before acceptance
, Valid Contract - meets all of the legal requirements for a binding contract
Unenforceable Contract - meets the basic legal requirements, but may not be enforceable because of
some other legal rule
Voidable Contracts - parties have the legal right to cancel their obligations under the contract
Void Contracts - create no legal obligations and for which no remedy will be given
*hit man
Express Contract - orally/written contracts while being formed
Implied Contract - when the surrounding facts and circumstances indicate that an agreement has in fact
been reached
*doctor's appointment
2 Bodies of the Law that Govern Contracts - 1. article 2 of uniform commercial code (UCC)
2. common law contract
Uniform Commercial Code (UCC) - statuary in every state
Common Law Contract - court-made law constantly evolving
A2 UCC applies on to the - sale of goods
Goods - tangible, movable, personal property
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller oneclass. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.48. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78600 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now