Blaw 2301 Exam 2 Questions And Answers
Latest Update 2026
s legally enforecable agreement
-did the defendant promise to do something?
what is a contract
-is it fair to make her honor her word?
-are there unsual reasons to hold her liable?
-offer
-acceptance
-consideration
7 key characteristics that must be present to
-legality
make a contract enforceable
-capacity
consent
-writing (for some)
contract in which one party agrees not to
noncompetition agreement
compete with another (Davis v Mason 1792)
a promise made in exchange for another
bilateral contract
promise (most contracts are bilateral)
one party makes a promise that the other party
unilateral contract can accept only by actually doing something
(contingent on some action)
an agreement in which one or more parties has
executory contract
not yet fulfilled its obligations
an agreement in which all parties have fulfilled
executed contract
their obligations
occurs when the parties intended to form a valid
unenforceable contract bargain, but a court declares that some rule of
law prevents enforcing it
, an agreement that may be terminated by one of
voidable contract
the parties
void agreement an agreement that neither party can enforce,
because that bargain is illegal or one of the
Latest Update 2026
s legally enforecable agreement
-did the defendant promise to do something?
what is a contract
-is it fair to make her honor her word?
-are there unsual reasons to hold her liable?
-offer
-acceptance
-consideration
7 key characteristics that must be present to
-legality
make a contract enforceable
-capacity
consent
-writing (for some)
contract in which one party agrees not to
noncompetition agreement
compete with another (Davis v Mason 1792)
a promise made in exchange for another
bilateral contract
promise (most contracts are bilateral)
one party makes a promise that the other party
unilateral contract can accept only by actually doing something
(contingent on some action)
an agreement in which one or more parties has
executory contract
not yet fulfilled its obligations
an agreement in which all parties have fulfilled
executed contract
their obligations
occurs when the parties intended to form a valid
unenforceable contract bargain, but a court declares that some rule of
law prevents enforcing it
, an agreement that may be terminated by one of
voidable contract
the parties
void agreement an agreement that neither party can enforce,
because that bargain is illegal or one of the
