LEGL 2700 Test 3 Questions and Correct Answers Latest Update 2025
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LEGL 2700
Institution:
LEGL 2700
LEGL 2700 Test 3 Questions and Correct Answers Latest Update 2025
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| Uploaded on: | April 28, 2025 |
| Last updated: | April 30, 2025 |
| Number of pages: | 80 |
| Written in: | 2025/2026 |
| Type: | Exam (elaborations) |
| Contains: | Questions & Answers |
| Tags: | LEGL 2700 Test 3 Questions and Correct Answers Latest Update 2025 |
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LEGL 2700 Test 3 | Q&A Latest 2025/2026 | 100% PASS CHAPTERS 8 & 9 - Answer -CHAPTERS 8 & 9 contract - Answer -a *legally enforceable promise* (something that I promise you and you promise me, and if one of us breaks the promise we have the right to go to court. And the court will legally enforce that promise) - when you enter into a contract, you are promising something to one another and are both making a commitment to one another - often times a written agreement (verbal contracts are just as binding as written contracts) - a contract does not have to be in writing to be enforced • Ex: if you eat at a restaurant and don't pay for your food, you can be sued in court - *governs the idea of acquisition via exchange * what are the 2 main sources of contract law? - Answer -common law Uniform commercial code (UCC) Common law (of contracts) - Answer -sale of anything other than goods • real estate contracts, land contracts, house contracts, renter contracts, employment contracts, etc. Uniform commercial code - Answer -sale of goods
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