Contracts (non-UCC)

Question 1

A minor who enters a contract, can, when they turn 18, decide to…

Answer 1

honor the deal or void the contract.

Question 2

Upon reaching 18, one who entered into a contract as a minor must act…

Answer 2

prompty to void the contract.

Question 3

The Statute of Frauds also prohibits any agreement, without a written contract, to charge a person upon a promise made after attaining the age of majority to pay a debt…

Answer 3

contracted during infancy.

Question 4

The Supreme Court of Virginia recognized that quantum meruit should operate based on an implied contract when…

Answer 4

the contract was not enforceable but the Defendant received valuable service from the Plaintiff for which he was not compensated.

Question 5

Where a service is performed by one, at the request of another, and there is no enforceable express contract between the parties as to compensation, the law…

Answer 5

implies a contract for reasonable compensation, if necessary to avoid injustice.

Question 6

The remedy for an implied contract for service shall be…

Answer 6

an award of damages for the reasonable value of work performed

(minus)

any compensation received for that work.

Question 7

A written memorandum can take an oral agreement outside of the statute of frauds if it….

Answer 7

1. Identifies the subject of the contract;
2. Is sufficient to indicate a contract has been made;
3. Includes the essential terms; and
4. Is signed by the party to be charged.

Question 8

Specific performance is an equitable remedy typically employed to enforce a contract for unique property, such as…

Answer 8

land.