1. Contracts Test #1 Review Chapters 7-9 Gary Nelson

2. UCC What is the UCC? What part of the UCC covers the law of sales?

3. Offers What are the requirements for an offer? When is an offer effective? When does an offer end?

4. Consideration What is consideration? When is it not necessary?

5. Invitations to Negotiate What is considered an invitation to negotiate, rather than an offer?

6. Acceptance What constitutes acceptance? How long does the offeree have to accept the offer? What are the rules for when an acceptance is effective?

7. Mirror Image Rule What does the mirror image rule say? When does it not apply?

8. Merchants What is a “merchant” under the UCC?

9. Revocation What is revocation? When is revocation effective?

10. Fraud What are the requirements for fraud? What is a material fact? What is the effect of fraud? What special type of damage award is available for fraud?

11. False Representation What is the effect of an innocent misrepresentation?

12. Duress What constitutes duress? What is the effect of the existence of duress on the contract?

13. Undue Influence What constitutes undue influence? What is the effect of undue influence on the contract?

14. Unilateral Mistake What is a unilateral mistake? What kinds of mistakes are considered unilateral? What is the effect of a unilateral mistake?

15. Mutual Mistake What is another name for mutual mistake? What is a mutual mistake? What kinds of mistakes are considered mutual? What is the effect of a mutual mistake?

16. Capacity What is capacity?

17. Minority 1 What is minority? What is the difference between minority and infancy? What is the effect of minority on contracts?

18. Minority 2 Who may guarantee a minor’s contract? What is the effect of a minor’s claim to be over the age of minority?

19. Necessaries What are necessaries? To what extent is a minor liable for contracts for necessaries?

20. Disaffirmance What must a minor due to disaffirm a contract? How long does a minor have to disaffirm a contract? May a minor disaffirm a part of a contract?

21. Ratification What acts constitute ratification of a contract entered into in minority? What is the effect of ratification?

22. The end!