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

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A conditional acceptance is a valid acceptance to the offer made. 

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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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The ________blank in a third-party beneficiary contract is the party who makes the promise that benefits the third party.

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Conditions that are not explicitly stated, but are inferred from the nature and language of the contract, are known as which of the following?

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Hilda transfers her rights to receive something under a contract to George who is a third party. 

Hilda is known as the ___________blank and George is the ________blank.

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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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A minor can "disaffirm" a contract he/she made as a minor while they are still a minor and can return the goods, in this example a car, that was subject to the contract, damaged back to the owner and receive their full payment paid for the car back from the owner. 

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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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When one party to a contract takes advantage of the other party by reason of a superior position in a close, confidential, or personal relationship, it is known as

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A mistake that "goes right to the heart" of the subject matter of the contract is known as 

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