EXAM II – MATCHING. mutual assent. Parole Evidence Rule  Statute of FraudsB. Nominal damagesO. Considerationbb. Condition PrecedentC. Fraud in the inducementP. Legal detrimentcc. Condition SubsequentD. Fraud in the executionQ. BreachE. Mirror Image RuleR. Quasi ContractF. Exculpatory ClauseG. RatificationS. Promissory EstoppelT. Void ContractH. Legal benefitU. Revenue LicenseI. Illusory PromiseV. Subjective impossibilityJ. Bilateral ContractW. ContractK. Regulatory LicenseL. Commercial ImpracticabiltyM. Substantial PerformanceX. Voidable ContractY. DisaffirmanceZ. Unilateral Contract___1. Doing an act one was not legally obligated to do or not doing an act that one has a legal right to do.___2. Contract in which only one party makes a promise.___3. Obligation not based upon contract but imposed by law to avoid injustice.___4. “Price” paid to make a promise enforceable.___ 5. Promise that imposes no obligation on the promisor.___ 6. Misrepresentation that deceives the other party as to the nature of a document evidencing the contract.___ 7. Misrepresentation regarding the subject matter of a contract that induces the other party to the contract to enter into the contract.___ 8. Doctrine enforcing noncontractual promises where there has been justifiable reliance on the promise and justice requires the enforcement of the promise___ 9. An agreement to enter into a contract, manifested by words or conduct between the parties.___ 10. Contractual provision excusing a party from liability for his own tortious conduct.___ 11. No contract at all; without legal effect.___12. Obtaining something of which one had no legal rightMATCHING:A. mutual assentN. Parole Evidence Rule aa. Statute of FraudsB. Nominal damages.

Considerationbb. Condition PrecedentC. Fraud in the inducementP. Legal detrimentcc. Condition SubsequentD. Fraud in the executionQ. BreachE. Mirror Image RuleR. Quasi ContractF. Exculpatory ClauseG. RatificationS. Promissory EstoppelT. Void ContractH. Legal benefitU. Revenue LicenseI. Illusory PromiseV. Subjective impossibilityJ. Bilateral ContractW. ContractK. Regulatory LicenseL. Commercial ImpracticabiltyM. Substantial PerformanceX. Voidable ContractY. DisaffirmanceZ. Unilateral Contract___ 13. Contract in which both parties exchange promises.___ 14. a small sum awarded where a contract has been breached but the loss is negligible or unproved___ 15. A binding agreement that the Courts will enforce.___ 16. Performance that is incomplete but that does not defeat the purpose of the contract; does not discharge the injured party but entitles him to damages.___ 17. Condition that requires the happening of an event before a party is obligated to perform under the contract.___ 18. when parties express a contract in writing that they intend to be the final expression of their rights and duties, evidence of their prior oral or written negotiations or agreements of their contemporaneous oral agreements that vary or change the written contract are not admissible___ 19. Contract that may be declared nonbinding because of the way it was formed___ 20. avoidance of the contract; may be done during minority___ 21. Affirmation of the entire contract may be done upon reaching majority___ 22. Failure to properly perform contractual promises.___ 23. A person can not recovery for professional services rendered if they fail to maintain this type of license.MATCHING:A. mutual assentN. Parole Evidence Rule aa. Statute of FraudsB. Nominal damagesO. Considerationbb. Condition PrecedentC. Fraud in the inducementP. Legal detrimentcc. Condition SubsequentD. Fraud in the executionQ. BreachE. Mirror Image RuleR. Quasi ContractF. Exculpatory ClauseG. RatificationS. Promissory EstoppelT. Void ContractH. Legal benefitU. Revenue LicenseI. Illusory PromiseV. Subjective impossibilityJ. Bilateral ContractW. ContractK. Regulatory LicenseL. Commercial ImpracticabiltyM. Substantial PerformanceX. Voidable ContractY. DisaffirmanceZ. Unilateral Contract___ 24. Does not excuse the promisor from liability on a debt.___ 25. A person can recover for services regardless of their failure to procure this type of license.___ 26. Performance under the contract is excused because a supervening event makes their performance impracticable.___ 27. Under the Common Law, an acceptance could not deviate from the terms of the offer.__ 28. Statute which requires that the contract be in writing and signed by the party to be charged.___ 29. Condition that allows performance obligations under the contract to be terminated by the occurrence of a subsequent event.