BLAW HALF BAKED STUDY GUIDE
EXAM QUESTIONS AND ANSWERS 100%
PASS 2026 EDITION
What is a contract? - ANS a legally binding agreement between two or more parties, creating
mutual obligations that are enforceable by law, often outlining the terms of a transaction or
exchange
What are the required elements of a valid contract - ANS Agreement
Consideration
Contractual Capacity
Legal Obligation
What is Agreement? - ANS All Parties must agree to the same terms, made of an offer and
acceptance
What is Consideration? - ANS All Parties must give/receive something of value
What is Contractual Capacity? - ANS All parties to the contract have the legal ability to enter
into the contract.
What is Legal Object? - ANS The contract itself is in furtherance of something that is legal
@COPYRIGHT 2026 ALLRIGHTS RESERVED 1
,What is Common Law? - ANS Law that varies by jurisdiction but has similar ideas, created by
precedent
What is the UCC (Uniform Commercial Code)? - ANS Law that was created to smoothen out
interstate commerce, only applies to sale of goods
What UCC article is in this course, and what is it? - ANS Article 2 for sale of goods, outlines
legal rules for buying and selling movable goods, including contracts for sale, implied
warranties, and remedies for breach of contract
Express Contract - ANS terms are clearly defined and established either orally or in writing
implied-in-fact Contract - ANS parties' conduct indicates contract has been created.
- Benefit conferred on defendant.
- Plaintiff reasonably expected to be paid for their benefit conferred.
- Defendant had an opportunity to reject the benefit but chose not to
Quasi Contract - ANS pParties' conduct indicates it would be unfair not to impose contractual
obligation to prevent unjust enrichment.
- Benefit is conferred on defendant.
- Defendant has full knowledge of benefit he is receiving.
- Defendant retains benefit and would be unjustly enriched without binding other party
When must a contract be in writing? - ANS - Marriage
- Year
- Land
- Executor
- Goods > $500
@COPYRIGHT 2026 ALLRIGHTS RESERVED 2
, - Suretyship/Secondary Obligor
What is an Executor? - ANS a person or institution appointed by a testator to carry out the
terms of their wil
What is Suretyship/Secondary Obligor? - ANS When a person or group are guaranteeing the
debt or obligation of another, or something that provides security or assurance
What components must be in a written contract? - ANS - Parties Identified
- Subject Matter
- Consideration
- Relevant Terms
- Signature(s)
-Quantity of goods sold
What is not required in a contract? - ANS - buyer/seller
- price
- method of payment
Elements of a valid contractual offer - ANS - Manifestation of offeror's intent to be bound.
- Reasonably definite contractual terms; and.
- Communication of the offer to the offeree or an authorized agent.
How is contractual intent measured and what does that mean? - ANS Intent determined by
objective, reasonable person standard (Ex: Lucy v. Zehmer)
Lucy v. Zehmer - ANS the Supreme Court of Virginia upheld a contract for the sale of a farm,
even though it was written on a restaurant check and the seller claimed he was joking,
@COPYRIGHT 2026 ALLRIGHTS RESERVED 3
EXAM QUESTIONS AND ANSWERS 100%
PASS 2026 EDITION
What is a contract? - ANS a legally binding agreement between two or more parties, creating
mutual obligations that are enforceable by law, often outlining the terms of a transaction or
exchange
What are the required elements of a valid contract - ANS Agreement
Consideration
Contractual Capacity
Legal Obligation
What is Agreement? - ANS All Parties must agree to the same terms, made of an offer and
acceptance
What is Consideration? - ANS All Parties must give/receive something of value
What is Contractual Capacity? - ANS All parties to the contract have the legal ability to enter
into the contract.
What is Legal Object? - ANS The contract itself is in furtherance of something that is legal
@COPYRIGHT 2026 ALLRIGHTS RESERVED 1
,What is Common Law? - ANS Law that varies by jurisdiction but has similar ideas, created by
precedent
What is the UCC (Uniform Commercial Code)? - ANS Law that was created to smoothen out
interstate commerce, only applies to sale of goods
What UCC article is in this course, and what is it? - ANS Article 2 for sale of goods, outlines
legal rules for buying and selling movable goods, including contracts for sale, implied
warranties, and remedies for breach of contract
Express Contract - ANS terms are clearly defined and established either orally or in writing
implied-in-fact Contract - ANS parties' conduct indicates contract has been created.
- Benefit conferred on defendant.
- Plaintiff reasonably expected to be paid for their benefit conferred.
- Defendant had an opportunity to reject the benefit but chose not to
Quasi Contract - ANS pParties' conduct indicates it would be unfair not to impose contractual
obligation to prevent unjust enrichment.
- Benefit is conferred on defendant.
- Defendant has full knowledge of benefit he is receiving.
- Defendant retains benefit and would be unjustly enriched without binding other party
When must a contract be in writing? - ANS - Marriage
- Year
- Land
- Executor
- Goods > $500
@COPYRIGHT 2026 ALLRIGHTS RESERVED 2
, - Suretyship/Secondary Obligor
What is an Executor? - ANS a person or institution appointed by a testator to carry out the
terms of their wil
What is Suretyship/Secondary Obligor? - ANS When a person or group are guaranteeing the
debt or obligation of another, or something that provides security or assurance
What components must be in a written contract? - ANS - Parties Identified
- Subject Matter
- Consideration
- Relevant Terms
- Signature(s)
-Quantity of goods sold
What is not required in a contract? - ANS - buyer/seller
- price
- method of payment
Elements of a valid contractual offer - ANS - Manifestation of offeror's intent to be bound.
- Reasonably definite contractual terms; and.
- Communication of the offer to the offeree or an authorized agent.
How is contractual intent measured and what does that mean? - ANS Intent determined by
objective, reasonable person standard (Ex: Lucy v. Zehmer)
Lucy v. Zehmer - ANS the Supreme Court of Virginia upheld a contract for the sale of a farm,
even though it was written on a restaurant check and the seller claimed he was joking,
@COPYRIGHT 2026 ALLRIGHTS RESERVED 3
