Contracts Flashcards
6 cards from real AR BAR practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Contracts flashcards as text
Under Arkansas law, a third-party beneficiary has enforceable rights when the contracting parties intend to:
Answer: Directly benefit the third party under the contract
An intended beneficiary — one the parties deliberately meant to benefit — has enforceable contract rights; an incidental beneficiary does not.
In Arkansas, which doctrine may enforce a promise that lacks consideration if the promisor reasonably expected the promisee to rely on it and the promisee did so to their detriment?
Answer: Promissory estoppel
Promissory estoppel substitutes for consideration when detrimental reliance on a promise is foreseeable and injustice can only be avoided by enforcement.
Under Arkansas law, a contract formed under duress is:
Answer: Voidable at the election of the coerced party
A contract formed under duress is voidable — the coerced party may rescind it, but it is not automatically void.
Under the Arkansas UCC, when a contract does not specify a delivery location, the seller's place of business is the:
Answer: Default delivery location
Under UCC § 2-308, the seller's place of business is the default delivery location when none is specified in the contract.
Which type of contractual mistake may void a contract in Arkansas when both parties share the same erroneous belief about a material fact?
Answer: Mutual mistake
A mutual mistake about a material fact that goes to the essence of the agreement may allow rescission of the contract.
Under Arkansas contract law, damages for breach are generally limited by the duty to:
Answer: Mitigate losses
The non-breaching party has a duty to mitigate damages by taking reasonable steps to minimize losses after the breach.