Blaw 201 - Study guides, Class notes & Summaries

BLAW 201 Drexel University Business Law 201: Contract Law Questions With Complete Solutions

Contractual Capacity - correct answers Ability to understand that a contract is being made and to understand its general meaning Factors of Capacity - correct answers Age, mental incapacity, drugs/alcohol Age of Full Capacity - correct answers 18 years old; a minor can avoid a contract while they are a minor and for a reasonable amount of time after becoming an adult, unless they first ratify the contract - A minor can go through with a contract, but they can also choose to avoid it if th...

BLAW 201 | Drexel University Business Law 201: Contract Law Professor Freedman

Only the parties who signed the original contract can have rights with respect to that contract - correct answers True An offer may be made only to a specific person - correct answers False An offerer makes an offer to an offeree - correct answers True Contracts for amounts more than $1 million must be made under seal or they are not binding - correct answers False An express contract is one in which the agreement is shown by acts and conduct of the parties - correct answers False ...

List the types of laws - correct answers Constitutions, statutes, common law, administrative/agency law, treaties, ordinances, executive orders, equity Criminal law - correct answers Creates duties that are owed to the public as a whole Civil law - correct answers Creates duties that private parties owe each other Substantive law - correct answers Sets the rights and duties of people as they act in society Procedural law - correct answers Controls the behavior of government bodies (m...

1. Would you think that parole evidence rule is an exclusionary rule of evidence? - correct answers False 2. Would the parole evidence rule allow evidence to be introduced to explain what the parties meant by the term "serrated?" - correct answers True 3. The parole evidence rules prohibit introduction of all evidence that would result in modifying written contracts - correct answers False 4. Is a collateral promise an undertaking to be primarily liable for the principle debtor's deb...

Law - correct answers order or pattern of rules that society uses to govern the conduct of individuals and their relationships Right - correct answers legal capacity to require another person to perform or refrain from performing an act Duty - correct answers an obligation of law imposed on a person to perform or refrain from performing a certain act right of privacy - correct answers The right to a private personal life free from the intrusion of government. From 4th Amendment const...

Executed Contract - correct answers Contract that has been fully performed by both parties Executory Contract - correct answers Either party still has something to do to complete the contract Valid - correct answers Contract which is binding and enforceable Voidable - correct answers Contract is able to be cancelled under certain circumstances by law Void - correct answers Agreement that was never enforceable from the beginning (ex. party was legally mentally incapacitated) Bilate...

. (Compare and contrast the rights and protections derived from the 4th Amendment, 5th Amendment and 6th Amendment) - correct answers The 4th Amendment of the constitution focuses on search and arrest warrants. It states that people can be protected against any unreasonable search and seizure. A person can only have their belongings searched if they give express permission or a search warrant is issued. The 5th Amendment of the constitution focuses on rights in criminal cases. It states that ...

1)Explain the process of jury selection - correct answers Jury selection occurs when a trial begins. It involves an examination by the parties' attorneys or by the judge ( in certain cases) of selecting potential jurors. Each party has an unlimited number of challenges for cause, which prevents a potential juror from serving if they are seen as biased. Each party also has a limited number of peremptory challenges, where a party is allowed to prevent a potential juror from serving without any ca...