test 8 Flashcards
(50 cards)
- The two parties to a contract are called __________________________ and _________________________
offeror offeree
- A contract is a (3 words) ______________________________________
legally enforceable contract
- UCC stands for _____________________________________
Uniform Commercial Code
- All contracts must have 4 elements: ___________________ ______________________, _____________________ and _________________________
Agreement, Consideration, Capacity, Lawful object
- First and last names of the two parties in the mock trial: _______________________ _______________________________________
Patricia Wilkins Linda Sabay
- In the mock trial, on what date did the damage to the car take place? ________________________________
09/21/12
- In the mock trial, what is the name of the law firm where both parties were working at the time of the incident? ____________________________________
Waterwall, Edwards, Widget, O’Connor, Ramirez and Kwan
- Consideration is a ________________________________________
Bargained-for exchange
- Why aren’t gratuitous promises enforceable? _________________________________
they lack consideration
- Three kinds of contracts covered by the statue of frauds are ____________________________, _____________________________, and ___________
Purchase of Land, Purchase of goods over $500, contract that takes more than a year to fulfill
- BBB stands for ___________________________________
Better Business Bureau
- On mail, RRR stands for ___________________________________
Return Receipt Requested
- DRC stands for _________________________________________________
Dispute Resolution Center
- If you get a judgment award in small claims court, when is the judgment final? ____________________________________________________
10 days
- If it is not paid promptly, what should a consumer request the court to prepare? ___________________________________________
An abstract of judgment
- What can the court issue that will allow the constable to seize and sell the defendant’s property? _____________________________
writ of execution
- Three kinds of warranties ______________________, __________________________, and ____________________________________.
Express, Implied, Special Statutory
- Of those three, which kind is the warranty booklet that came with my washing machine? __________________________________
Express
- _______________________________________ is a guarantee that the buyer has the right to take the good free of claim from anyone else.
warranty of title
- _______________________________________ guarantees that the thing is fit for the ordinary purpose for which goods of that kind are used.
warranty of merchantability
- In a lease situation, a __________________________________________ guarantees that a place is suitable for living.
warranty of habitability
- _____________________ guarantees that, if the seller knows that the buyer intends to use the goods in some specific way, the good must be fit for that purpose.
warranty of fitness for a particular purpose
- _____________________guarantees that services are rendered in a competent, effective way so that the consumer gets the service for which s/he bargained.
warranty of good and workmanlike service
- The Texas Lemon Law is an example of a ___________________ warranty.
special statutory