BLAW 2301 Exam 2 Review Questions With 100% Solved
Answers
1. What are the elements of a contract? Otter, Acceptance, Considera-
tion, Legality, Capacity, Con-
sent, Writing
2. Contract A promise that the law will en-
force
3. Davis v. Mason This case is an example of a
non complete agreement
4. What are the two types of contracts? Unilateral and Bilateral
5. Bilateral Both parties make a promise
(majority of contracts)
6. Unilateral One party makes a promise
that the other party can accept
only by doing something
7. Executory Contract When one or more parties has
not fulfilled its obligations
8. Executed Contract When all parties have fulfilled
their obligations
9. Valid Satisfies all of the law's re-
quirements
10. Unenforceable Occurs when the parties intend
to form a valid bargain BUT a
court declares that some rule of
law prevents enforcing it
11. Voidable
1/4
Answers
1. What are the elements of a contract? Otter, Acceptance, Considera-
tion, Legality, Capacity, Con-
sent, Writing
2. Contract A promise that the law will en-
force
3. Davis v. Mason This case is an example of a
non complete agreement
4. What are the two types of contracts? Unilateral and Bilateral
5. Bilateral Both parties make a promise
(majority of contracts)
6. Unilateral One party makes a promise
that the other party can accept
only by doing something
7. Executory Contract When one or more parties has
not fulfilled its obligations
8. Executed Contract When all parties have fulfilled
their obligations
9. Valid Satisfies all of the law's re-
quirements
10. Unenforceable Occurs when the parties intend
to form a valid bargain BUT a
court declares that some rule of
law prevents enforcing it
11. Voidable
1/4
