AR Bar Contracts 3

Question 1

Under Arkansas law, a third-party beneficiary has enforceable rights when the contracting parties intend to:

Accepted Answer

Directly benefit the third party under the contract

Answer

Incidentally benefit the third party

Answer

Assign their rights to the third party after formation

Answer

Delegate duties to the third party

Question 2

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?

Accepted Answer

Promissory estoppel

Answer

Quasi-contract

Answer

Unjust enrichment

Answer

Implied-in-fact contract

Question 3

Under Arkansas law, a contract formed under duress is:

Accepted Answer

Voidable at the election of the coerced party

Answer

Void ab initio

Answer

Enforceable by the coercing party only

Answer

Automatically reformed by the court

Question 4

Under the Arkansas UCC, when a contract does not specify a delivery location, the seller's place of business is the:

Accepted Answer

Default delivery location

Answer

Risk of loss transfer point

Answer

Inspection location

Answer

Payment location

Question 5

Which type of contractual mistake may void a contract in Arkansas when both parties share the same erroneous belief about a material fact?

Accepted Answer

Mutual mistake

Answer

Unilateral mistake

Answer

Scrivener's error only

Answer

Mistake of law

Question 6

Under Arkansas contract law, damages for breach are generally limited by the duty to:

Accepted Answer

Mitigate losses

Answer

Punish the breaching party

Answer

Seek equitable relief first

Answer

Renegotiate the contract