1. Why do we have contracts so we can trust people we don't know
2. What is a contract A contract is a legally enforceable agree-
ment/ promise or set of promises that the
law is willing to enforce
3. Elements of a contract otter acceptance consideration legality ca-
pacity consent writing
4. Consideration proof you intended to form a contract
5. Legality contract has to have a legal purpose
6. Capacity of sound mind
7. How did contract law develop it developed through common law
8. Uniform commercial code (UCC) statute passed in all 50 states that governs
contracts for the sale of goods
9. Bilateral contract promise for a promise
10. Unilateral contract promise for performance
11. Executory not fully performed but still binding and en-
forcable
12. Executed once you have received what was promised
13. Valid all the terms have been satisfied
14. Unenforceable has to be in writing and its not
15. Voidable if one of the parties lacks capacity or consent,
basically cancels contract
1/9
, BLAW 2301 Exam Questions With All Correct Solutions | 2026 | Updated
16. Void a court is not going to enforce ( ie. illegal
contracts)
17. Express one that is specifically stated
18. Implied implied by the conduct of the parties
19. When can you use promissory estoppel The defendant made a promise knowing that
the plaintitt would likely rely on it.The plain-
titt did rely on the promise/The only way to
avoid injustice is to enforce the promise.
20. Quasi Contract an obligation of one party to another im-
posed by law independently of an agree-
ment between the parties.
21. If you can show that 1. He gave some benefit to the defendant. 2.
He reasonably expected to be paid for the
benefit and the defendant knew this; and 3.
The defendant would be unjustly enriched if
she did not pay.
22. Meeting of the minds overarching principles of otters and accep-
tances
23. Elements of offers Serious intent, To form a present otter, Were
the terms reasonably detailed
24. Person making offer otterer
25. Person receiving offer otteree
26. Gap filler provisions
2/9