Question: Unless you are dealing with a requirements contract or an output contract, the one term that is necessary for the parties to have determined under

  • Unless you are dealing with a requirements contract or an output contract, the one term that is necessary for the parties to have determined under the Uniform CommercialCode is

quantity term

payment terms

delivery terms

price term

  • A(n) _______ contract is illegal from the beginning and may not be enforced by either party; a(n) __________ contract describes a contract that includes a provision which must be satisfied in order for performance to be required.

disaffirmed, void

void,unenforceable

void, conditional

voidable, void

  • As long as a premarital agreement is in writing it will be enforceable with little or no consideration being given to timing of execution,independent representation or complexity of the agreement.

True

False

  • All of the following are possible defenses to contract formation except

undue influence

unilateral mistake

duress

fraudulent misrepresentation

  • The theory of Quasi Contract is a remedy the court uses in breach of contract cases where there has been a mistake by one of the parties.

True

  • False

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