Contract Law Quiz With Answers In Kings

State:
Multi-State
County:
Kings
Control #:
US-00102BG
Format:
Word; 
PDF; 
Rich Text
Instant download

Description

A detailed analysis of the laws affecting construction contracts including:


" Offer and acceptance;

" Written agreements: integration and merger;

" Mutuality and consideration;

" Expressed and implied obligations;

" Waiver and Disclaimer of Implied Warranty of Habitability;

" Breach and Enforcement: finding materiality and damages;

" Remedies and Procedure in Actions Involving Building and Construction Contracts;


Also includes sample forms from the USLF Website as follows:


" Sample Contract Clause Limiting Remedies;

" Non-Waiver Agreement between Contractor and Owner Regarding Accepting Late Payments;

" Sample count in suit for rescission;

" Petition for Rescission of Contract Failure of Contractor to Obtain Building Permit;

" Complaint for Damages, Specific Performance of Contract, and
Appointment of Special Master to Oversee Construction against Contractor and Agent's Breach of Contract to Construct House;

" Sample Construction Contract Change Order; Sample contract clause regarding arbitration;

" Labor and Material Payment Bond;

" Contract For Construction of a Commercial Building;

" Mechanics' Liens;

" Construction defects;

" Licensing Issues in Mississippi;

" E-discovery; and

" Electronic Message Archiving;

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  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook
  • Preview Contracting and Construction Law Handbook

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FAQ

Common law has identified three different types of mistake in contract: the 'unilateral mistake', the 'mutual mistake', and the 'common mistake'.

The mistake will render the contract void if it robs it of all substance. Mutual mistake (where the parties are at cross-purposes with one another). If, from the parties' words and conduct, only one possible interpretation of what was agreed can be deduced, the contract will still be valid. Otherwise it will be void.

For example, A agrees to sell to B his buffalo. But at the time of the agreement, the buffalo had already died. Neither A nor B was aware of this. And so there is no contract at all, i.e. the contract is void due to a mistake of fact.

How to Approach a Contracts Question Start with the Fact Pattern. First, I start with a fact pattern. Take Notes. If it's on a screen, I'm taking mental notes or jotting down a word, just to remind myself. Figure Out the Issues. Write Short Answers. Fill Out the Outline with CRAC.

A common examinable area under the mistake in contract law is in the area of mistaken identity. This can happen where one party makes a contract with a second party, believing him or her to be someone else. If you encounter such a question, be on your guard right from the start.

A contract is an agreement between parties, creating mutual obligations that are enforceable by law. The basic elements required for the agreement to be a legally enforceable contract are: mutual assent, expressed by a valid offer and acceptance; adequate consideration; capacity; and legality.

For a contract to be valid and recognized by the common law, it must include certain elements-- offer, acceptance, consideration, intention to create legal relations, authority and capacity, and certainty. Without these elements, a contract is not legally binding and may not be enforced by the courts.

A mistake in contract law refers to the erroneous belief of a party at the time of the contract formation. The belief need not be an articulated one. The mistake must be about facts as they existed at the time the contract was made; it cannot be about a party's prediction of future events.

More info

Which of the following is the most complete definition of a contract? Study with Quizlet and memorize flashcards containing terms like CONTRACT, BUYERS REMORSE, STARE DECISIS and more.The contractor sued the buyer for damages and breach of contract. University: King's College London ; 93. Contract LAW Revision Notes -full all topics ; 7. This quiz book is designed to help you reinforce your understanding of contract law with quiz questions like flash-cards and explanatory answers. This quiz and worksheet gauge your understanding of the different types of contract law. You will be assessed on different types of contracts. This document contains a quiz with 25 multiple choice questions testing knowledge of contract law principles in the Philippines. Try the multiple choice questions below to test your knowledge of this chapter.

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Contract Law Quiz With Answers In Kings