Questions from Business Law


Q: What is the Uniform Electronic Transactions Act? What are some of

What is the Uniform Electronic Transactions Act? What are some of the major provisions of this act?

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Q: What is consideration? What is required for consideration to be legally

What is consideration? What is required for consideration to be legally sufficient?

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Q: In what circumstances might a promise be enforced despite a lack of

In what circumstances might a promise be enforced despite a lack of consideration?

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Q: Does a minor have the capacity to enter into an enforceable contract

Does a minor have the capacity to enter into an enforceable contract? What does it mean to disaffirm a contract?

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Q: Under what circumstances will a covenant not to compete be enforced?

Under what circumstances will a covenant not to compete be enforced? When will such covenants not be enforced?

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Q: What is an exculpatory clause? In what circumstances might exculpatory clauses

What is an exculpatory clause? In what circumstances might exculpatory clauses be enforced? When will they not be enforced?

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Q: What is the difference between a unilateral and a bilateral mistake?

What is the difference between a unilateral and a bilateral mistake?

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Q: What contracts must be in writing to be enforceable?

What contracts must be in writing to be enforceable?

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Q: What is parol evidence? When is it admissible to clarify the

What is parol evidence? When is it admissible to clarify the terms of a written contract?

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Q: What is an assignment? What is the difference between an assignment

What is an assignment? What is the difference between an assignment and a delegation?

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