Chapter 7
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| What is an express term? | Ambiguous or explicit promise
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| What is an implied term? | Intended not expressly. Judge is entitled to add implied terms and there is statutory requirements. Also, implied terms are for parties with previous dealings.
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| What is quantum meruit? | (Contractual) Awards one party a reasonable sum for goods
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| How do courts interpret contracts? | Rules for construction, parole evidence rule ( Limits evidence for parties or contents), statutory requirements, entire contract clause ( Agree complete as written), and electronic contracts ( Person who introduces must prove authenticity) .
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| What are the contractual terms to managing risks? | Changed circumstances similar to frustration and conditional agreements, such as: Condition subsequent: Condition when occurs contract ends and condition precedent: condition when occurs suspends parties contracts obligations to perform
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| How do you manage liability? | By limitation of liability, exemption clause, and liquidated damages clause ( How much one part will owe the other in breach)
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| What is a standard from contract? | Take it or leave it, read and understand before signing because it is non-negotiable and protect your own interest
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| What is shrink wrap? | Is enclosed terms with product ( Prepackaged)
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| What is click wrap? | User agrees to terms when buying or downloading stuff ( License)
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| What is browse wrap? | Accept terms on the site
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Marlenathibeault
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