3/3/25, 4:10 PM BUL 4421 Final - FAU Gendler 2025 Actual exam (Testing Real Exam Questions)and verified Answers ( 100% accurate) GET IT…
BUL 4421 Final - FAU Gendler 2025 Actual exam
(Testing Real Exam Questions)and verified
Answers ( 100% accurate) GET IT RIGHT!!
Save
Terms in this set (251)
CHAPTER 13: CHAPTER 13: Introduction to Contracts
Introduction to Contracts
1. Contractual Capacity
Four Elements of a 2. Legal Object
Contract: CLAC 3. Agreement (offer, acceptance)
4. Consideration
-A promise or set of legally enforceable promises
for the breach of which the law gives a remedy or
Contract
the performance of which the law in some way
recognizes a duty.
(Offer & Acceptance)
Agreement
Offer by Oferror to enter into a contract and
acceptance of terms by offeree.
i. The bargained-for exchange or what each party
gets in exchange for his or her promise under the
Consideration contract
(The something for something)
Contractual capacity i. The legal ability to enter into a binding agreement
subject matter of the contract. Cannot be illegal or
Legal Object
against public policy in order to be enforceable
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, 3/3/25, 4:10 PM BUL 4421 Final - FAU Gendler 2025 Actual exam (Testing Real Exam Questions)and verified Answers ( 100% accurate) GET IT…
Objective Theory of basis of contract law
Contracts is the
Objective Theory of Outward manifestations of intent
Contracts bases
existence on
Objective Theory of how a reasonable person would interpret it.
Contracts bases
interpretation on
________ of parties is not subjective intent
usually relevant under
objective theory of
contracts
t or f: subjective intent true
may be relevant under
certain circumstances
a mutual misunderstanding b/t parties exists and
subjective intent may be
they did not come to a true meetings of minds; no
relevant if
contract exists
look at each party separately, interpret situation to
if there appears a a
determine whether parties really reached an
mutual misunderstanding
agreement
in order to determine their objective words and behavior and do not try to
whether partied intended figure out what they may have secretly intending
to enter into a contract,
courts look at
classification of contract when offeree is legally bound to perform
determines
A promise + a promise.
-I'll pay you $1000 for you to paint my car.
Bilateral Contract = -(My promise = $1000)
-(Your promise = Paint my car)
-Mutual exchange
Under bilateral contract, as soon as promise exchanged
contract formed
https://quizlet.com/1013149683/bul-4421-final-fau-gendler-2025-actual-exam-testing-real-exam-questionsand-verified-answers-100-accurate-get… 2/10
BUL 4421 Final - FAU Gendler 2025 Actual exam
(Testing Real Exam Questions)and verified
Answers ( 100% accurate) GET IT RIGHT!!
Save
Terms in this set (251)
CHAPTER 13: CHAPTER 13: Introduction to Contracts
Introduction to Contracts
1. Contractual Capacity
Four Elements of a 2. Legal Object
Contract: CLAC 3. Agreement (offer, acceptance)
4. Consideration
-A promise or set of legally enforceable promises
for the breach of which the law gives a remedy or
Contract
the performance of which the law in some way
recognizes a duty.
(Offer & Acceptance)
Agreement
Offer by Oferror to enter into a contract and
acceptance of terms by offeree.
i. The bargained-for exchange or what each party
gets in exchange for his or her promise under the
Consideration contract
(The something for something)
Contractual capacity i. The legal ability to enter into a binding agreement
subject matter of the contract. Cannot be illegal or
Legal Object
against public policy in order to be enforceable
https://quizlet.com/1013149683/bul-4421-final-fau-gendler-2025-actual-exam-testing-real-exam-questionsand-verified-answers-100-accurate-get… 1/10
, 3/3/25, 4:10 PM BUL 4421 Final - FAU Gendler 2025 Actual exam (Testing Real Exam Questions)and verified Answers ( 100% accurate) GET IT…
Objective Theory of basis of contract law
Contracts is the
Objective Theory of Outward manifestations of intent
Contracts bases
existence on
Objective Theory of how a reasonable person would interpret it.
Contracts bases
interpretation on
________ of parties is not subjective intent
usually relevant under
objective theory of
contracts
t or f: subjective intent true
may be relevant under
certain circumstances
a mutual misunderstanding b/t parties exists and
subjective intent may be
they did not come to a true meetings of minds; no
relevant if
contract exists
look at each party separately, interpret situation to
if there appears a a
determine whether parties really reached an
mutual misunderstanding
agreement
in order to determine their objective words and behavior and do not try to
whether partied intended figure out what they may have secretly intending
to enter into a contract,
courts look at
classification of contract when offeree is legally bound to perform
determines
A promise + a promise.
-I'll pay you $1000 for you to paint my car.
Bilateral Contract = -(My promise = $1000)
-(Your promise = Paint my car)
-Mutual exchange
Under bilateral contract, as soon as promise exchanged
contract formed
https://quizlet.com/1013149683/bul-4421-final-fau-gendler-2025-actual-exam-testing-real-exam-questionsand-verified-answers-100-accurate-get… 2/10
