CAS Bar CAS Bar Contracts and Commercial Law

Question 1

Under the California Bar Exam, which of the following is required for a valid contract?

Accepted Answer

Offer, acceptance, and consideration

Answer

Offer, acceptance, and a written document

Answer

Consideration and a notarized signature

Answer

Mutual assent and a written agreement only

Question 2

Under California law, the statute of frauds requires a written contract for which of the following?

Accepted Answer

Both A and C

Answer

A contract for the sale of goods over $500

Answer

A one-year oral employment contract

Answer

A contract for the sale of real property

Question 3

A party seeks to enforce a contract where the other party was intoxicated at signing. Under California law, what is the most likely result?

Accepted Answer

The contract is voidable at the option of the intoxicated party

Answer

The contract is void ab initio

Answer

The contract is unenforceable by either party

Answer

The contract is fully enforceable regardless of intoxication

Question 4

Under UCC Article 2 as adopted in California, a merchant's firm offer is irrevocable for how long without consideration?

Accepted Answer

90 days

Answer

30 days

Answer

60 days

Answer

6 months

Question 5

Which doctrine allows a court to refuse enforcement of a contract whose terms are oppressively one-sided?

Accepted Answer

Unconscionability

Answer

Impossibility

Answer

Frustration of purpose

Answer

Mistake

Question 6

In California, the parol evidence rule generally prevents admission of prior oral agreements to:

Accepted Answer

Contradict the terms of a fully integrated written contract

Answer

Explain an ambiguous contract term

Answer

Show that a condition precedent was not met

Answer

Establish fraud in the inducement