age 1 of 63
BUL 4421-FINAL FAU Gendler CERTIFICATION EXAM
STUDY GUIDE 2025/2026 ACCURATE QUESTIONS AND
VERIFIED CORRECT SOLUTIONS WITH RATIONALES ||
100% GUARANTEED PASS <LATEST VERSION>
CHAPTER 13: Introduction to Contracts
......ANSWER........CHAPTER 13: Introduction to Contracts
Four Elements of a Contract: CLAC ......ANSWER........1.
Contractual Capacity
2. Legal Object
3. Agreement (offer, acceptance)
4. Consideration
,age 2 of 63
Contract ......ANSWER........-A promise or set of legally
enforceable promises for the breach of which the law gives a
remedy or the performance of which the law in some way
recognizes a duty.
Agreement ......ANSWER........(Offer & Acceptance)
Offer by Oferror to enter into a contract and acceptance of
terms by offeree.
Consideration ......ANSWER........i. The bargained-for exchange
or what each party gets in exchange for his or her promise
under the contract
(The something for something)
Contractual capacity ......ANSWER........i. The legal ability to
enter into a binding agreement
,age 3 of 63
Legal Object ......ANSWER........subject matter of the contract.
Cannot be illegal or against public policy in order to be
enforceable
Objective Theory of Contracts is the ......ANSWER........basis of
contract law
Objective Theory of Contracts bases existence on
......ANSWER........Outward manifestations of intent
Objective Theory of Contracts bases interpretation on
......ANSWER........how a reasonable person would interpret it.
________ of parties is not usually relevant under objective
theory of contracts ......ANSWER........subjective intent
t or f: subjective intent may be relevant under certain
circumstances ......ANSWER........true
, age 4 of 63
subjective intent may be relevant if ......ANSWER........a mutual
misunderstanding b/t parties exists and they did not come to a
true meetings of minds; no contract exists
if there appears a a mutual misunderstanding
......ANSWER........look at each party separately, interpret
situation to determine whether parties really reached an
agreement
in order to determine whether partied intended to enter into a
contract, courts look at ......ANSWER........their objective words
and behavior and do not try to figure out what they may have
secretly intending
classification of contract determines ......ANSWER........when
offeree is legally bound to perform
Bilateral Contract = ......ANSWER........A promise + a promise.
BUL 4421-FINAL FAU Gendler CERTIFICATION EXAM
STUDY GUIDE 2025/2026 ACCURATE QUESTIONS AND
VERIFIED CORRECT SOLUTIONS WITH RATIONALES ||
100% GUARANTEED PASS <LATEST VERSION>
CHAPTER 13: Introduction to Contracts
......ANSWER........CHAPTER 13: Introduction to Contracts
Four Elements of a Contract: CLAC ......ANSWER........1.
Contractual Capacity
2. Legal Object
3. Agreement (offer, acceptance)
4. Consideration
,age 2 of 63
Contract ......ANSWER........-A promise or set of legally
enforceable promises for the breach of which the law gives a
remedy or the performance of which the law in some way
recognizes a duty.
Agreement ......ANSWER........(Offer & Acceptance)
Offer by Oferror to enter into a contract and acceptance of
terms by offeree.
Consideration ......ANSWER........i. The bargained-for exchange
or what each party gets in exchange for his or her promise
under the contract
(The something for something)
Contractual capacity ......ANSWER........i. The legal ability to
enter into a binding agreement
,age 3 of 63
Legal Object ......ANSWER........subject matter of the contract.
Cannot be illegal or against public policy in order to be
enforceable
Objective Theory of Contracts is the ......ANSWER........basis of
contract law
Objective Theory of Contracts bases existence on
......ANSWER........Outward manifestations of intent
Objective Theory of Contracts bases interpretation on
......ANSWER........how a reasonable person would interpret it.
________ of parties is not usually relevant under objective
theory of contracts ......ANSWER........subjective intent
t or f: subjective intent may be relevant under certain
circumstances ......ANSWER........true
, age 4 of 63
subjective intent may be relevant if ......ANSWER........a mutual
misunderstanding b/t parties exists and they did not come to a
true meetings of minds; no contract exists
if there appears a a mutual misunderstanding
......ANSWER........look at each party separately, interpret
situation to determine whether parties really reached an
agreement
in order to determine whether partied intended to enter into a
contract, courts look at ......ANSWER........their objective words
and behavior and do not try to figure out what they may have
secretly intending
classification of contract determines ......ANSWER........when
offeree is legally bound to perform
Bilateral Contract = ......ANSWER........A promise + a promise.
