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Fall 2025-91348-202590-BUS315-02 - WI: Business Law I

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What Test is this for BUS 315?

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Contracts may be discharged by both parties doing what they promised to do.  This is called

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A requirement of a valid offer includes the following
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Contracts made by intoxicated persons ( last night at the bar intoxicated not a court adjudicated intoxicated person) are voidable if ... 1) the intoxicated person was so intoxicated he/she did not understand the nature of the agreement they were entering into and  ...2) the intoxication was apparent/visible to the other party. 

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Discharging a contract is the legal term describing either the termination of or the completion of a contract. 

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Which of the following is not a requirement for a finding of fraud in a contract?

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The failure of one of the parties, without any legal excuse, to fulfill the obligations of a contract is known as a 

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Shawn agreed to restore a 1968 Camaro for Natalie for $35,000. Once he finished the restoration, Natalie paid Shawn the agreed-upon price, but Shawn kept the car. A court would order Shawn to turn over the car to Natalie pursuant to which of the following?

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The purpose of the Parole Evidence rule is to prevent evidence from being introduced in court that substantially contradicts a valid contract/agreement in its written form by the parties.  

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When each party's performance is conditioned on the performance of the other, this represents which of the following?

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