age 1 of 28
BUNDLE FOR BUL 4421 FAU Gendler CERTIFICATION
EXAM STUDY GUIDE 2025/2026 ACCURATE
QUESTIONS AND VERIFIED CORRECT SOLUTIONS
WITH RATIONALES || 100% GUARANTEED PASS
<LATEST VERSION>
contract ......ANSWER........a promise or set of promises for the
breach of which the law gives a remedy or the performance of
which the law in some was recognizes a duty
agreement ......ANSWER........consists of an offer by one party to
enter into a contract and an acceptance of terms of the offer by
the other party
offeror ......ANSWER........makes an offer
offeree ......ANSWER........accepts or declines offer
,age 2 of 28
consideration ......ANSWER........the bargained for exchange of
what each party gets in exchange for his or her promise under
the contract
contractual capacity ......ANSWER........the legal ability to enter
into a binding agreemtn
who does not have capacity ......ANSWER........those under the
age of majority, people suffering from mental illness, and
intoxicated persons
objective theory of contracts ......ANSWER........we base the
existence of a contract on the parties' outward manifestations of
intent and we base its interpretation on how a reasonable
person would interpret it
, age 3 of 28
subjective intent of parties ......ANSWER........not usually relevant;
what matters is how they represented their intent through their
actions and words
bilateral contract ......ANSWER........a promise in exchange for a
promise. As soon as the promises exchanged, a contract is
formed and the parties' legal obligations arise
unilateral contract ......ANSWER........requires performance in
order to form a contract; it is not a promise to do something it is
the offeree doing something
express contract ......ANSWER........the terms of the contract are
all clearly set forth in whether written or spoken words
implied contract ......ANSWER........arise not from words but from
conduct of the parties
BUNDLE FOR BUL 4421 FAU Gendler CERTIFICATION
EXAM STUDY GUIDE 2025/2026 ACCURATE
QUESTIONS AND VERIFIED CORRECT SOLUTIONS
WITH RATIONALES || 100% GUARANTEED PASS
<LATEST VERSION>
contract ......ANSWER........a promise or set of promises for the
breach of which the law gives a remedy or the performance of
which the law in some was recognizes a duty
agreement ......ANSWER........consists of an offer by one party to
enter into a contract and an acceptance of terms of the offer by
the other party
offeror ......ANSWER........makes an offer
offeree ......ANSWER........accepts or declines offer
,age 2 of 28
consideration ......ANSWER........the bargained for exchange of
what each party gets in exchange for his or her promise under
the contract
contractual capacity ......ANSWER........the legal ability to enter
into a binding agreemtn
who does not have capacity ......ANSWER........those under the
age of majority, people suffering from mental illness, and
intoxicated persons
objective theory of contracts ......ANSWER........we base the
existence of a contract on the parties' outward manifestations of
intent and we base its interpretation on how a reasonable
person would interpret it
, age 3 of 28
subjective intent of parties ......ANSWER........not usually relevant;
what matters is how they represented their intent through their
actions and words
bilateral contract ......ANSWER........a promise in exchange for a
promise. As soon as the promises exchanged, a contract is
formed and the parties' legal obligations arise
unilateral contract ......ANSWER........requires performance in
order to form a contract; it is not a promise to do something it is
the offeree doing something
express contract ......ANSWER........the terms of the contract are
all clearly set forth in whether written or spoken words
implied contract ......ANSWER........arise not from words but from
conduct of the parties
