Ch 6

Contracts have been enforced since at least the

A contract is

Oral agreements are ______ enforceable as contracts.

A ______ contract involves two promises and two performances.

A reward offer is an example of a promise exchanged for a performance, which is called a(n) ______ contract.

A contract consists of

Quasi-contracts are also known as

A(n) ______ contract is unenforceable by either party due to missing essential elements.

A contract is ______ when the law allows one or more parties to cancel it under specific conditions.

An ______ -in-law recovery happens when a party benefits from a service they did not request.

An unenforceable contract meets all the basic requirements but is subject to a(n) ______.

A(n) ______ contract contains all the essential elements needed for enforcement.

Contracts for services are governed by

Contracts for ______ are governed by statutory law.

A contract involving both goods and services is called a ______ contract.

To prevent one party from unfairly benefiting at another's expense, the law enforces a(n)

True or False: Hybrid contracts are always governed by statutory law.

A(n) ______ contract is legally valid but cannot be enforced due to specific legal defenses.

When determining the source of law for a hybrid contract, courts consider

Another factor courts analyze in a hybrid contract is

Three essential elements of a contract are

True or False: Both service and goods contracts are governed by state statutory law.

Mutual assent requires the parties to have a ______ and agree to be bound by specific obligations.

A contract that includes both goods and services is called a

Most ______ do not constitute an offer because they lack a specific commitment to sell.

If an offer is ______, the offeree no longer has the power to accept it.

Courts do not consider ______ when determining the governing law of a hybrid contract.

An offer can be terminated either by ______ or by operation of law.

The mirror image rule applies to ______ contracts, but not to ______ contracts.

An offer and acceptance process is required to establish

A(n) ______ occurs when a change in law renders a previously valid offer illegal.

Most advertisements displayed in stores, media, or online are

The mailbox rule states that an acceptance is valid when it is ______, as long as it is sent in a reasonable manner.

If an offer has not been ______, the offeree may still accept it and form an agreement.

A ______ in contract law is an incorrect belief that does not align with the facts.

An offer can be terminated by the following actions

If the offeree makes a counteroffer, the original offer is considered

Any variation from the original offer results in a rejection under the ______ rule.

A counteroffer is created when

______ occurs when an employer offers a job to an at-will employee but revokes the offer before or shortly after employment begins.

If no time limit is set by the offeror, the offer will expire after

The legal ability to enter into a contract is called

The ______ rule applies to common law contracts and determines when acceptance is effective.

A unilateral mistake generally does not

One essential element of a contract is ______, which ensures a bargained-for exchange.

In cases of promissory estoppel, courts typically award damages for