Introduction Flashcards
1
Q
What are the 7 possible areas of contracts that could be tested on the exam?
A
- Applicable law
- Formation
- Contract terms
- Performance of those terms
- Third parties
- Remedies for breach
- Excuses / defences for non-performance
2
Q
A contract involves the sale of goods. What Is the governing law?
A
Article 2, Uniform Commercial Code
3
Q
A contract involves the sale of land. What is the governing law?
A
Common law
4
Q
A contract involves the provision of service. What is the governing law?
A
Common law
