Contract Law.

Chapter 8

1. Under the Objective Theory of Contracts, what are the three Objective Facts that ajudge or reasonable persons judge against, when establishing whether a legallybinding contract has been formed? Explain.2. Outline and briefly describe the four elements or requirements of a legally validcontract.3. Identify and describe the different types of contracts in each of the following threecategories, Contract Formation, Contract Performance and Contract Enforceability.4. Explain a Quasi Contract.5. Define and thoroughly explain the two sub-elements under the element ofAgreement (Offer and Acceptance), and outline explain the sub-elements undereach. In other words, what constitutes an “Offer” and an “Acceptance”? This is theheart of an Agreement between two or more parties. Take your time in answeringthis question and be thorough.6. In an E-Contract, what are the similarities and differences between an Online Offerand an Online Acceptance to a regular contract Offer and Acceptance?7. Explain “Consideration”, the second element of a valid contract.8. Under Consideration, what constitutes Legally Sufficient Value and Bargain-forExchange?9. Explain the Doctrine of Promissory Estoppel.Chapter 910. Thoroughly explain Contractual Capacity, include the elements of Minors,Intoxicated Persons and Mentally Incompetent Persons.11. Thoroughly explain Legality, include the categories of Contracts Contrary to Statute,Contracts Contrary to Public Policy, and Effects of Illegality.12. Briefly explain Voluntary Consent and explain what happens to a contract whenvoluntary consent (assent) may be lacking.13. Explain the Statute of Frauds Doctrine and briefly explain each of the five contractsunder the Statue of Frauds.Chapter 10.14. Briefly Explain Assignments and Delegations.15. Briefly explain Third Party Beneficiaries.16. Brierly explain the four broad categories of Damages.17. Briefly explain Contract Discharge per the five categories of Exhibit 10-3.18. Explain equitable remedies. Section 10-5.