Terry "Contracts" Anderson - Fall 2025

What is the definition of a unilateral contract?

• A promise in exchange for a performance.

• A contract that requires mutual promises from both parties.

• A contract that is void from the beginning.

• A contract that is illegal by nature.

What is the definition of a bilateral contract?

• A promise in exchange for a promise.

• A contract that is only enforceable by law.

• A contract that requires no consideration.

• A promise in exchange for an act.

What is the definition of an offer according to §24?

• A manifestation of willingness to enter into a bargain, so made as to justify another person in understanding that his assent to that bargain is invited.

• A statement of future intent without any present commitment.

• A request for information regarding possible terms of a contract.

• A counter-offer that rejects the original proposal.

According to the Lucy v. Zehmer case, what do communications mean in contract law?

• Communications mean what a reasonable person, knowing what that person knows, understands them to mean.

• Communications mean only what the speaker intended, regardless of how it is interpreted.

• Communications mean whatever the listener wishes them to mean, regardless of context.

• Communications have no legal significance in contract law.

UCC §2-204(1): A contract for sale of goods may be made in what manner?

• In any manner sufficient to show agreement, including conduct by both parties.

• Only in writing signed by both parties.

• Only through a formal offer and acceptance process.

• Only after approval by a court of law.

What is the definition of acceptance in contract law?

• A manifestation of assent to the terms thereof made by the offeree in a manner invited or required by the offeror.

• A written agreement signed by both parties regardless of the offeror's terms.

• A verbal promise to consider the offer at a later date.

• A counter-offer made by the offeree in response to the original offer.

Does the offeror want a return promise? (White v. Corlies)

• Acceptance must be communicated by word or conduct known to the offeror.

• The offeror does not require any form of acceptance.

• A return promise is not necessary for contract formation.

• Only silence constitutes acceptance.

Does the offeror want performance? If so, is notification required for acceptance?

• No, not unless specified or if the offeror won’t reasonably know performance occurred.

• Yes, notification is always required regardless of circumstances.

• Notification is only required if the contract is in writing.

• Notification is required only if the offeree requests it.

Does the offeror give the option for promise of performance?

• Yes. Tender of Performance means acceptance. Notification of acceptance is required to complete promise (Restatement §§30, 32, 50).

• No. The offeror never allows performance as acceptance.

• Only if the offer is in writing and signed by both parties.

• Only if the offeree requests a written confirmation before performing.

When is the acceptance effective when performance is the choice?

• Acceptance is effective at the tender or beginning of the invited performance or a tender of a beginning of it as an acceptance by performance (Restatement §50(2)-(3)).

• Acceptance is effective only after the entire performance is completed and approved by the offeror.

• Acceptance is effective only when the offeror provides written confirmation of the performance.

• Acceptance is effective at the time the offeror receives notice of the completed performance.