One who has not reached the age of majority

1. A minor must wait until reaching the age of ____ before entering into a binding contract.

__________ is the announced intention of a party to a contract that he doesn’t intend to perform his obligation under the contract.

Language common to all legal documents of the same type is known as _________

Did you actually learn about estate planning from this week's assignments?

To cancel or annul

When a lawyer drafts an agreement for his client selling the client’s multimillion-dollar business to his lawyer for $10, the court will most likely find there was:

When a contract has a liquidated damages clause:

The promisor is the party to whom a promise is made

UCC is the abbreviation for Uniform Contract Conditions

A void contract is the same as no contract at all.

PERFORMANCE is synonymous with

CAPACITY is synonymous with

Several elements are needed to complete a valid and contract

A newspaper advertisement stating that apples are $4.50 a pound is really an invitation to the public to make an offer.

CURE is synonymous with

A seller has the right to correct or _________ his failure to deliver goods if done within reasonable time.

Ms. Covington is the best legal instructor at ATC

Under the mailbox rule, an offer is accepted when:

Scott offers to sell his automobile for $18,000. John says, “I’ll take it if you’ll accept $16,000, not a penny more.”

a. John has accepted the contract.

b. John has used duress.

c. John has disaffirmed the contract.

Reformation occurs when a person completes performance under a contract before the contract date.

If a building collapses, a contract to repair the building’s roof would be impossible to perform or enforce.

Should a contract not be completed, it is called a(n)

A contract implied in law is imposed by the court to prevent unjust enrichment.