BSL 212

BSL 212 - CHAPTERS 3, 9-10, 12 EXAM QUESTIONS WITH COMPLETE ANSWERS { GRADED A+} Objective Intent - what a reasonable person would understand the intent to be based on all the facts Valid Enforceable Offer - objective intent, definiteness of terms, direct communications between the offeror and the offeree Ads are valid, enforceable offers when - sufficiently specific and are not subject to infinite acceptances Reward (Contest) - an offer for a unilateral contract which can only...

BSL 212 - CHAPTERS 11 & 13 TEST QUESTIONS WITH 100% CORRECT ANSWERS { GRADED A+} A contract lacks consent if - (1) misrepresentation (2) mistake (3) duress (4) undue influence misrepresentation - (1) untrue statement of fact (2) about something material, (3) reliance on the untrue statement (4) that is reasonable untrue statement of fact - (1) false affirmative communication about objectifiable data (2) act of concealment (3) non-disclosure (in certain scenarios, a statement of...

BSL 212 - CHAPTERS 15-16 EXAM QUESTIONS WITH VERIFIED ANSWERS { GRADED A+} statute of frauds - broad legal principle that guides the types of agreements that need to be in writing; agreements that must be in writing fall within this agreements that fall within the statute of frauds - (1) suretyship agreements (2) Ks for the sale of real estate (3) Ks that cannot be completed in less than 1 year (4) Ks for the sale of goods $500 or more (5) Ks where the executor of an estate pro...

BSL 212 - CHAPTERS 3 & 9 TEST QUESTIONS WITH COMPLETE ANSWERS { GRADED A+} Subject Matter Jurisdiction - the authority of a particular court to judge a controversy of a particular kind Exclusive Federal Jurisdiction - the dispute involves a matter that must be brought in federal court; Ex: patent, copyright, bankruptcy, trademark, admiralty Concurrent Federal Jurisdiction - the dispute involves either a federal question or diversity Federal Question - any case arising under the...

BSL 212 FINAL - CHAPTERS 14-17 QUESTIONS WITH 100% CORRECT ANSWERS { GRADED A+} a contract lacks capacity and is voidable when one party is - underage, mentally incapacitated, or intoxicated a contract can be disaffirmed while - the person lacks capacity or within a reasonable amount of time after regaining capacity unless the contract has been ratified generally, when a minor disaffirms - the adult must return the consideration received ratification occurs if - a party behav...