LAW 3220 CLEMSON EXAM 3 STUDY
GUIDE 2026 VERIFIED QUESTION SET AND
SOLUTIONS
◉ secondary key contract elements.
Answer: contractual (mental) capacity, legality, genuine consent
◉ offer.
Answer: promise to do or refrain from doing something
◉ offers must show.
Answer: - intent by the offeror to enter into a contract
- express clear and specific terms of the agreement
- communicate offer to the offeree
◉ advertisements.
Answer: generally not offers, unless they offer specific
circumstances
◉ withdrawal.
Answer: to revoke an offer any time before it is accepted
,◉ option contract.
Answer: offer is open for a specified period of time
◉ counteroffer.
Answer: offeree rejects offer and presents a different offer
◉ lapse of time.
Answer: when a offer states that is is open until a particular time or
date, the offer terminates on that time or date if it has not yet been
accepted. any offer presented after the expired time has no effect
and gives no rise to a contract
◉ death/ disability of party.
Answer: if either the offeror or the offeree dies or becomes mentally
incompetent before the offer if accepted, the offer terminates
◉ subject matter is destroyed.
Answer: the subject of the contract is no longer viable for
contracting
◉ Subsequent Illegality.
, Answer: if performance of the contract becomes illegal after the
offer is made, the offer terminates
◉ acceptance.
Answer: offeree's expression of intent to accept the offer
◉ bilateral contract.
Answer: exchange of promises between the offeror and the offeree
◉ unilateral contrract.
Answer: when the offer calls for the performance of an act to show
acceptance, performance becomes the acceptance
◉ mirror image rule.
Answer: the acceptance must mirror exactly the terms of the
contract, any change at all is a counteroffer, not acceptance
◉ mailbox rule.
Answer: a mailed acceptance of an offer is effective when sent, not
when received
◉ consideration.
Answer: bargained for exchange between parties to a contract
GUIDE 2026 VERIFIED QUESTION SET AND
SOLUTIONS
◉ secondary key contract elements.
Answer: contractual (mental) capacity, legality, genuine consent
◉ offer.
Answer: promise to do or refrain from doing something
◉ offers must show.
Answer: - intent by the offeror to enter into a contract
- express clear and specific terms of the agreement
- communicate offer to the offeree
◉ advertisements.
Answer: generally not offers, unless they offer specific
circumstances
◉ withdrawal.
Answer: to revoke an offer any time before it is accepted
,◉ option contract.
Answer: offer is open for a specified period of time
◉ counteroffer.
Answer: offeree rejects offer and presents a different offer
◉ lapse of time.
Answer: when a offer states that is is open until a particular time or
date, the offer terminates on that time or date if it has not yet been
accepted. any offer presented after the expired time has no effect
and gives no rise to a contract
◉ death/ disability of party.
Answer: if either the offeror or the offeree dies or becomes mentally
incompetent before the offer if accepted, the offer terminates
◉ subject matter is destroyed.
Answer: the subject of the contract is no longer viable for
contracting
◉ Subsequent Illegality.
, Answer: if performance of the contract becomes illegal after the
offer is made, the offer terminates
◉ acceptance.
Answer: offeree's expression of intent to accept the offer
◉ bilateral contract.
Answer: exchange of promises between the offeror and the offeree
◉ unilateral contrract.
Answer: when the offer calls for the performance of an act to show
acceptance, performance becomes the acceptance
◉ mirror image rule.
Answer: the acceptance must mirror exactly the terms of the
contract, any change at all is a counteroffer, not acceptance
◉ mailbox rule.
Answer: a mailed acceptance of an offer is effective when sent, not
when received
◉ consideration.
Answer: bargained for exchange between parties to a contract
