Podcast
Questions and Answers
What type of contract involves explicit, mutual promises, with each party being both a promisor and a promisee?
What type of contract involves explicit, mutual promises, with each party being both a promisor and a promisee?
- Unilateral contract
- Quasi-contract
- Void contract
- Bilateral contract (correct)
If an offeree remains silent in response to an offer, what does this typically imply?
If an offeree remains silent in response to an offer, what does this typically imply?
- Counteroffer
- Revocation of the offer
- Acceptance of the offer (correct)
- Rejection of the offer
What category does a contract fall under if only one party makes a promise and expects the other party to act?
What category does a contract fall under if only one party makes a promise and expects the other party to act?
- Void contract
- Unilateral contract (correct)
- Quasi-contract
- Bilateral contract
What is an example of a unilateral contract?
What is an example of a unilateral contract?
What happens if a minor fails to disaffirm a contract within a reasonable time after reaching majority?
What happens if a minor fails to disaffirm a contract within a reasonable time after reaching majority?
What remedy is available when there has been substantial performance in a contract?
What remedy is available when there has been substantial performance in a contract?
What does 'de novo' mean in the context of legal review?
What does 'de novo' mean in the context of legal review?
What is a counteroffer in the context of contracts?
What is a counteroffer in the context of contracts?
When can a minor disaffirm a contract?
When can a minor disaffirm a contract?
What is duress in the context of contracts?
What is duress in the context of contracts?
What is the significance of the Contract Clause in constitutional law?
What is the significance of the Contract Clause in constitutional law?
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