Sources of Contract Law: Common Law & Uniform Commercial Code

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Better Gets Appliance Shop ordered 15 Big Screen TVs from EuroTelly Industries over the Internet. Each television costs $1,000. According to the Statute of Frauds of the Uniform Commercial Code, what should be done?

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1. Common law rests on:

2. Benny wants to sell his old fish tank. Now that he acquired a cat, it seemed less than responsible to leave his fish alone with the feline. Doogie liked the tank and made an offer of $100 by email. Benny accepted the offer and sent a formal contract to Doogie via fax machine. Doogie crossed out the $100 price and changed it to $20 and sent the fax back to Benny. Do they have a contract?

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About This Quiz & Worksheet

This quiz and worksheet combo gauges your understanding of the sources of contract law. You will be quizzed on the role of common law and application of the Statute of Frauds.

Quiz & Worksheet Goals

Use these assessment tools to assess your knowledge of:

  • Ways a contract is enforceable
  • Application of the Statute of Frauds
  • Common law as applied to contracts
  • Use of the Mirror Image Rule

Skills Practiced

This worksheet and quiz let you practice the following skills:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on sources of contract law
  • Interpreting information - verify that you can read information regarding legal contracts and interpret whether the contract is legally enforceable
  • Information recall - access the knowledge you've gained regarding the application of common law in enforcing contracts
  • Knowledge application - use your knowledge to answer questions about the enforceability of contracts

Additional Learning

To learn more about contract law, review the corresponding lesson Sources of Contract Law: Common Law & Uniform Commercial Code. This lesson will help you:

  • Understand the requirements of the Statute of Frauds
  • Identify examples of legally enforceable contracts
  • Analyze the enforceability of hypothetical contracts
  • Apply basic common law rules such as the Mirror Image Rule
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