KS Bar Contracts 2

Question 1

Under the UCC, a merchant's firm offer is irrevocable without consideration for up to how long?

Accepted Answer

3 months

Answer

30 days

Answer

60 days

Answer

6 months

Question 2

Which doctrine allows a court to refuse enforcement of a contract term that is oppressively one-sided and results from unequal bargaining power?

Accepted Answer

Unconscionability

Answer

Frustration of purpose

Answer

Mutual mistake

Answer

Duress

Question 3

A contractor begins performance on a unilateral contract after the offeror attempts to revoke. What is the legal effect?

Accepted Answer

Revocation is ineffective once performance has begun

Answer

Revocation is effective and performance may stop

Answer

The offeree must tender complete performance to prevent revocation

Answer

The offer converts to a bilateral contract automatically

Question 4

When a court applies the 'reasonable expectations' doctrine to an ambiguous contract term, whose expectations control?

Accepted Answer

The objectively reasonable expectations of the weaker party

Answer

The drafter of the contract

Answer

The party with superior bargaining power

Answer

The court's own assessment of fairness

Question 5

Under Kansas law, which statute of frauds category requires a writing for a contract for the sale of goods priced at $500 or more?

Accepted Answer

KSA 84-2-201 (UCC Article 2)

Answer

KSA 33-106 (general statute of frauds)

Answer

KSA 33-117 (real property)

Answer

KSA 84-1-306 (UCC Article 1)

Question 6

What is the effect of a 'no oral modification' clause when parties nonetheless orally agree to modify a contract?

Accepted Answer

Under common law, the oral modification may be effective despite the clause

Answer

The oral modification is always void

Answer

The UCC never permits oral modification regardless of the clause

Answer

The clause prevents waiver under any circumstances

Question 7

In an anticipatory repudiation scenario, when may the non-breaching party treat the contract as immediately breached?

Accepted Answer

Immediately upon a clear and unequivocal statement of non-performance

Answer

Only after the performance date has passed

Answer

Only after giving the repudiating party 30 days' notice

Answer

Only if the repudiation is in writing