Contracts Lesson 1 Approach to Exams

Question	Answer
Contracts Exam Questions can be answered by Analyzing 5 Basic Issues? What is basic issue #1 ?	#1 Was a Contract made between parties? (Formation Problems - Offer & Acceptance & Consideration)
Contracts Exam Questions can be answered by Analyzing 5 Basic Issues? What is basic issue #2 ?	#2 Are there any reasons why the Contract can NOT be enforced?
Contracts Exam Questions can be answered by Analyzing 5 Basic Issues? What is basic issue #3 ?	#3 Who has enforceable Rights? (Problems of 3rd party beneficiaries, assignee's, and delegates)
Contracts Exam Questions can be answered by Analyzing 5 Basic Issues? What is basic issue #4 ?	#4 Is there an absolute duty to perform? (Problems of conditions, changed circumstances, discharge)
Contracts Exam Questions can be answered by Analyzing 5 Basic Issues? What is basic issue #5 ?	#5 If the Contract has been broken, what Remedies are available to the innocent Party?
To establish an enforceable contract there must be a showing of _______? 1. C______ 2. M__________A (O_____ & A_____)	1. Consideration 2. Mutual Assent (Manifested by an Offer & Acceptance)
Mutual Assent	1. Meeting of the Minds (When two parties come into an equal understanding, agreement of the subject matter. 2. Offer & Acceptance

Resource summary

	Created by Juan De La Fuente over 7 years ago