LEGAL 2700 EXAM 3 JESSICA TRIPP ACTUAL
PAPER 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◉ When faced with a contract question.... Answer: 1) Determine
subject matter
- sale of goods UCC applies
2) Real property/Employment Services common law rule applies
◉ Wanda offers to buy Steve's car for $5500. Steve accepts. Answer:
Bilateral contract because exchange of promises
◉ Pedro offers $200 to anyone can find his lost dog. Answer:
Unilateral contract because only Pedro is making a promise off
performance
◉ Matt and Vicky verbally agree that Vicky will redecorate his home
for money. Answer: Expressed contract and they both agreed
◉ Suzie calls her stockbroker and tells her she wants to sell 200 of
her stock in LendingClub. Answer: Implied-in-Fact contract
Established relationship
Shouldn't be surprised by bill
,◉ Philip mows several of his neighbors' yards for $20 per yard. One
day he mistakenly mows the Johnsons yard. Since Philip did a great
job, he asks for $20 from the Johnsons. The Johnsons refuse. What
remedy might Philip have under the circumstances.. Answer:
Implied-in-Law contract
Johnsons have been unjustly enriched with lawnmower with style
◉ What is the general rule with respect to offers?
What is the exception to the rule for offers involving the sale of
goods?. Answer: Has to be specific and definite
For non quantity items, you can determine price later
◉ 5 elements of enforceable contracts. Answer: Offer.
Acceptance.
Consideration.
Mutuality of Obligation.
Competency and Capacity
◉ On monday, Mona offers to buy Dan's business for a reasonable
price. Dan accepts the offer on Tuesday. On wed, Monta tells Dan she
has changed her mind and no longer wants Dan's business. Does Dan
have an enforceable contract?
,What if instead Mona offered to buy 8 computers for a reasonable
price?. Answer: Subject Matter: business - not sale of goods
Not enforceable contract, offer has to be definite and specific
2) Yes because the quantities been established. Under UCC sale of
goods offer can be determined later
◉ Harry offers Tanya $800,000 for her condo in NYC. Four weeks go
by and Harry doesn't hear back from Tanya. Tanya accepts his offer
after 6 weeks. Harry no longer wants Tanya's condo.. Answer: Harry
could use lapse of time: sufficient amount of time has lapsed so first
offer is terminated
◉ What is the general rule for acceptances?
What is the exception to the rule of sales of goods between
merchants?
Merchant and individual?. Answer: The acceptance has to match the
offer exactly
Mirror Image rule
Both parties are merchants it becomes part of the contract
Any additions would be a suggestion not part of contract
◉ Bestbuy places an order with Dell for 600 laptops. The purchase
order states that the laptops will have a 15.6 inch display. The order
confirmation says that the laptops will have a 128 GB hard drive.
, What are the terms of the contact?. Answer: Sale of good: UCC
applies
Both parties are merchants
Additional elements become part of contract
◉ Greg places an order with Dell for 600 laptops. The purchase
order states that the laptops will have a 15.6 inch display. The order
confirmation says that the laptops will have a 128 GB hard drive.
What are the terms of the contact?. Answer: Sale of good
Only one party is a merchant
A contract is formed but additions are suggestions
◉ After Bridget's interview Investco's hiring manager hands her a
letter for a one year emplyment contract with an annual salary and
two weeks of paid vacation. She signs the letter but adds a line that
Investco will provide health insurance.. Answer: Employment
contract.
Mirror Image Rule
Counteroffer when adding line regarding health insurance
◉ When is an acceptance effective?
When is a revocation effective?. Answer: when sent
when its received
PAPER 2026 QUESTIONS WITH SOLUTIONS
GRADED A+
◉ When faced with a contract question.... Answer: 1) Determine
subject matter
- sale of goods UCC applies
2) Real property/Employment Services common law rule applies
◉ Wanda offers to buy Steve's car for $5500. Steve accepts. Answer:
Bilateral contract because exchange of promises
◉ Pedro offers $200 to anyone can find his lost dog. Answer:
Unilateral contract because only Pedro is making a promise off
performance
◉ Matt and Vicky verbally agree that Vicky will redecorate his home
for money. Answer: Expressed contract and they both agreed
◉ Suzie calls her stockbroker and tells her she wants to sell 200 of
her stock in LendingClub. Answer: Implied-in-Fact contract
Established relationship
Shouldn't be surprised by bill
,◉ Philip mows several of his neighbors' yards for $20 per yard. One
day he mistakenly mows the Johnsons yard. Since Philip did a great
job, he asks for $20 from the Johnsons. The Johnsons refuse. What
remedy might Philip have under the circumstances.. Answer:
Implied-in-Law contract
Johnsons have been unjustly enriched with lawnmower with style
◉ What is the general rule with respect to offers?
What is the exception to the rule for offers involving the sale of
goods?. Answer: Has to be specific and definite
For non quantity items, you can determine price later
◉ 5 elements of enforceable contracts. Answer: Offer.
Acceptance.
Consideration.
Mutuality of Obligation.
Competency and Capacity
◉ On monday, Mona offers to buy Dan's business for a reasonable
price. Dan accepts the offer on Tuesday. On wed, Monta tells Dan she
has changed her mind and no longer wants Dan's business. Does Dan
have an enforceable contract?
,What if instead Mona offered to buy 8 computers for a reasonable
price?. Answer: Subject Matter: business - not sale of goods
Not enforceable contract, offer has to be definite and specific
2) Yes because the quantities been established. Under UCC sale of
goods offer can be determined later
◉ Harry offers Tanya $800,000 for her condo in NYC. Four weeks go
by and Harry doesn't hear back from Tanya. Tanya accepts his offer
after 6 weeks. Harry no longer wants Tanya's condo.. Answer: Harry
could use lapse of time: sufficient amount of time has lapsed so first
offer is terminated
◉ What is the general rule for acceptances?
What is the exception to the rule of sales of goods between
merchants?
Merchant and individual?. Answer: The acceptance has to match the
offer exactly
Mirror Image rule
Both parties are merchants it becomes part of the contract
Any additions would be a suggestion not part of contract
◉ Bestbuy places an order with Dell for 600 laptops. The purchase
order states that the laptops will have a 15.6 inch display. The order
confirmation says that the laptops will have a 128 GB hard drive.
, What are the terms of the contact?. Answer: Sale of good: UCC
applies
Both parties are merchants
Additional elements become part of contract
◉ Greg places an order with Dell for 600 laptops. The purchase
order states that the laptops will have a 15.6 inch display. The order
confirmation says that the laptops will have a 128 GB hard drive.
What are the terms of the contact?. Answer: Sale of good
Only one party is a merchant
A contract is formed but additions are suggestions
◉ After Bridget's interview Investco's hiring manager hands her a
letter for a one year emplyment contract with an annual salary and
two weeks of paid vacation. She signs the letter but adds a line that
Investco will provide health insurance.. Answer: Employment
contract.
Mirror Image Rule
Counteroffer when adding line regarding health insurance
◉ When is an acceptance effective?
When is a revocation effective?. Answer: when sent
when its received
