Question

1. When one fails to act according to the contractual terms, one has committed a

      _________.

2. An express contract ---------------------------------------------------unjust enrichment.

3. Be sure that your contract does not contain any ____________________ or

     ____________ terms.

4. An ___________________________ is a transfer of contractual rights to a third party.

5. To protect minors, the law treats them as a class lacking

     ___________________________________________________ .

6. An agreement signed by an intoxicated person or a minor is

     _________________________________________________. (void OR voidable)

7. Ken has a mental disorder. His contracts are _____________________.

     A court will appoint a ______________________________ for him.

8. Barey had consumed a keg of whiskey by 9pm, May 7, 2008.   Frank orally offered

     Barey his bike for $900; it will be available May 10, 2009. Barey orally accepted.

     This contract

     _______________________________________________

     the ________________________________________ (law).

9. _______________________________________ is active concealment of important

     facts.

10. Oral contracts can be valid. However, you should put certain agreements in

       ____________, in accordance with The __________________of_______________.

       Four (4) of those contracts

       are:------------------------------------------------------------------------------------ .

11. Registrable marks categorized along a spectrum of----------------------------------------.

12. If a business pays someone to create the work, the copyright runs for --------- years

      from creation.

13. When secret business information is----------------------------, it loses the protection it

      had while secret.

14. U.S. district courts have -------------------------------- over SEC violations.

15. Parties may make contracts as they choose. No requirement that they

      are --------------, ------------, ----------------------or -----------------------------------.

Answer 1

1. When one fails to act according to the contractual terms, one has committed a BREACH OF CONTRACT.
2. An express contract EXPLICITLY SET OUT unjust enrichment.
3. Be sure that your contract does not contain any FRAUD or ILLEGAL terms.
4. An ASSIGNMENT is a transfer of contractual rights to a third party.
5. To protect minors, the law treats them as a class lacking MENTAL CAPACITY TO GIVE CONSENT.
6. An agreement signed by an intoxicated person or a minor is VOID. (void OR voidable)
7. Ken has a mental disorder. His contracts are VOIDABLE. A court will appoint COURT EVALUATOR for him.
8. Barey had consumed a keg of whiskey by 9 pm, May 7, 2008. Frank orally offered Barey his bike for $900; it will be available on May 10, 2009. Barey orally accepted. This contract is called ORAL CONTRACT the OFFER AND ACCEPTANCE (law).
9. FRAUD is the active concealment of important facts.
10. Oral contracts can be valid. However, you should put certain agreements in VOIDABLE CONTRACT, accordance with The BREACH of CONTRACT. Four (4) of those contracts are OFFER, ACCEPTANCE, CONSIDERATION, AND MUTUALITY.
11. Registrable marks categorized along a spectrum of DISTINCTIVENESS.
12. If a business pays someone to create the work, the copyright runs for 14 years from creation.
13. When secret business information is LEAKED, it loses the protection it had while secret.
14. U.S. district courts have FEDERAL SECURITY LAWS over SEC violations.
15. Parties may make contracts as they choose. No requirement that they are AN OFFER, AN ACCEPTANCE, AN INTENTION TO CREATE A LEGAL RELATIONSHIP OR A CONSIDERATION.