BUS 203 Lesson 7- Contract Law and Legal Remedies Mastery:
Consideration, Genuine Agreement, Offer, Acceptance, Primary
Estoppel, Capacity, Voidable Contracts, Mental Illness and
Cognitive Standard, Illegal Contracts, Intoxication, Necessities,
Money Damages, Restitution, Reformation, Specific Performance,
Promissory Estoppel, Acceptance, Capacity, Consideration, Offer,
Reformation, Rescission, Specific Performance, Legal Remedies,
Material Breach, Equitable Remedies, Forced Labor, Promissory
Reliance, Unconscionable Result, Minor Contracts, Legal
Competency, Breach of Contract, Non-Binding Contracts, Contract
Elements, Cognitive Standard, Financial Compensation, Substantial
vs. Minor Breach Exam Questions Verified and Provided with
Complete A+ Graded Rationales Latest Updated 2026
Susan contracts with the Green is Gone lawn care service by paying for 3 months of service in advance.
The Green is Gone lawn care service has promised Susan they will mow her lawns once a week for the
three months. In this case, Susan's payment and the promise by Green is Gone service to mow her lawns
once a week for the next three months are known as _____.
considerations
_____ is the necessity for parties involved to have mutual consensus regarding the contract. This can be
destroyed by fraud, misrepresentation, mistake or undue influence.
Genuine agreement
A proposal made to demonstrate an intent to enter a contract is known as a(n) _____.
offer
The agreement to be bound by the terms of an offer is known as _____.
, acceptance
After Jim has gotten two different quotes for repairing his brakes, one from the dealership and one from
a small, private mechanic, he chooses to go with the small mechanic who has agreed to do his brakes for
$200.00 less than the dealership. Jim takes his car to the mechanic who begins working on his brakes,
after a week passes, the mechanic calls Jim and tells him he is over his head and cannot fix his brakes.
Jim goes over to pick up his car and finds his car in the mechanic's garage with his brakes disassembled
around the mechanic's garage, what legal recourse does Jim have?
primary estoppel
What is the minimum age a person must be to legally have the capacity to enter into a contract?
18
If a person who lacks capacity to enter a contract enters one anyway, the contract is deemed _____.
voidable
What happens if a person who is mentally ill enters into a contract?
The courts determine the person's cognitive standard.
A restaurant in a dry county operates an illegal bar in the back of its building. An out-of-county beer
distributor enters into a contract with the restaurant's owner to provide beer to the bar. Is this contract
enforceable?
No, because selling beer in a dry county is against the law.
Under what condition may a contract signed by a person who is under the influence of drugs or alcohol
be voided?
Consideration, Genuine Agreement, Offer, Acceptance, Primary
Estoppel, Capacity, Voidable Contracts, Mental Illness and
Cognitive Standard, Illegal Contracts, Intoxication, Necessities,
Money Damages, Restitution, Reformation, Specific Performance,
Promissory Estoppel, Acceptance, Capacity, Consideration, Offer,
Reformation, Rescission, Specific Performance, Legal Remedies,
Material Breach, Equitable Remedies, Forced Labor, Promissory
Reliance, Unconscionable Result, Minor Contracts, Legal
Competency, Breach of Contract, Non-Binding Contracts, Contract
Elements, Cognitive Standard, Financial Compensation, Substantial
vs. Minor Breach Exam Questions Verified and Provided with
Complete A+ Graded Rationales Latest Updated 2026
Susan contracts with the Green is Gone lawn care service by paying for 3 months of service in advance.
The Green is Gone lawn care service has promised Susan they will mow her lawns once a week for the
three months. In this case, Susan's payment and the promise by Green is Gone service to mow her lawns
once a week for the next three months are known as _____.
considerations
_____ is the necessity for parties involved to have mutual consensus regarding the contract. This can be
destroyed by fraud, misrepresentation, mistake or undue influence.
Genuine agreement
A proposal made to demonstrate an intent to enter a contract is known as a(n) _____.
offer
The agreement to be bound by the terms of an offer is known as _____.
, acceptance
After Jim has gotten two different quotes for repairing his brakes, one from the dealership and one from
a small, private mechanic, he chooses to go with the small mechanic who has agreed to do his brakes for
$200.00 less than the dealership. Jim takes his car to the mechanic who begins working on his brakes,
after a week passes, the mechanic calls Jim and tells him he is over his head and cannot fix his brakes.
Jim goes over to pick up his car and finds his car in the mechanic's garage with his brakes disassembled
around the mechanic's garage, what legal recourse does Jim have?
primary estoppel
What is the minimum age a person must be to legally have the capacity to enter into a contract?
18
If a person who lacks capacity to enter a contract enters one anyway, the contract is deemed _____.
voidable
What happens if a person who is mentally ill enters into a contract?
The courts determine the person's cognitive standard.
A restaurant in a dry county operates an illegal bar in the back of its building. An out-of-county beer
distributor enters into a contract with the restaurant's owner to provide beer to the bar. Is this contract
enforceable?
No, because selling beer in a dry county is against the law.
Under what condition may a contract signed by a person who is under the influence of drugs or alcohol
be voided?
