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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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An advertisement by a store to give the first 100 customers on Black Friday a free ipad is a valid offer by the store.

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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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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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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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Nelda receives a contract for a job at a law firm on the condition that she passes the bar examination. This is known as which of the following?

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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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If a painter mistakenly comes to my house to paint the outside trim and shutters instead of my neighbors house who contracted him for the work, and I say nothing to stop him and then refuse to pay him for his work, the court will find a Quasi-Contract ( or Implied-in-Law Contract) and will force me to pay reasonable compensation for the work/value I received. 

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