MBE Contracts Flashcards
what type of contract may be made by a public offer for reward?
unilateral contract
may someone unknowingly accept a contract in the form of a public offer for reward?
no. person must intend acts to constitute acceptance
does the mailbox rule apply to accepting an option?
no. option acceptance must be received.
is a promise to make a future gift enforceable?
no. unenforceable even if in writing.
is shipment of wrong size product is acceptance, or counteroffer?
acceptance
what termination notice must be given by a non-breaching party after an anticipatory breach?
none. non-breaching party is free to create a new contract with an outside party.
is evidence of a condition precedent blocked by the parol evidence rule?
no. condition precedent to contract is an exception to the parol evidence rule.
