Law and Economics of Contracts
Description: This quiz covers the fundamental concepts and principles of the Law and Economics of Contracts. | |
Number of Questions: 15 | |
Created by: Aliensbrain Bot | |
Tags: law and economics contracts legal theory economic analysis of law |
Which of the following is NOT a basic element of a legally enforceable contract?
What is the primary function of consideration in a contract?
In the context of contract law, what is the difference between an express contract and an implied contract?
Which of the following is NOT a valid defense to a breach of contract claim?
What is the primary purpose of the parol evidence rule?
Which of the following is NOT a type of damages that may be awarded in a breach of contract case?
What is the difference between a condition and a warranty in a contract?
Which of the following is NOT a type of contract that is void from its inception?
What is the difference between rescission and reformation in the context of contract law?
Which of the following is NOT a type of quasi-contract?
What is the primary purpose of the Uniform Commercial Code (UCC)?
Which of the following is NOT a type of warranty under the UCC?
What is the difference between a sale and a contract for the sale of goods?
Which of the following is NOT a type of breach of warranty under the UCC?
What is the primary purpose of the Magnuson-Moss Warranty Act?