MO Bar Contracts and Commercial Law

Question 1

Under Missouri contract law, which element is NOT required for a valid contract?

Accepted Answer

Written documentation

Answer

Offer

Answer

Acceptance

Answer

Consideration

Question 2

Under the UCC Article 2, which type of contract governs the sale of goods in Missouri?

Accepted Answer

Sales of goods contracts

Answer

Service contracts

Answer

Real estate contracts

Answer

Employment contracts

Question 3

Which doctrine allows a court to refuse enforcement of a contract that is oppressively one-sided?

Accepted Answer

Unconscionability

Answer

Promissory estoppel

Answer

Impossibility

Answer

Anticipatory repudiation

Question 4

Under the mirror image rule applicable to common law contracts, an acceptance that varies the terms of the offer is treated as what?

Accepted Answer

A counteroffer and rejection

Answer

A valid acceptance

Answer

A conditional acceptance

Answer

A modification

Question 5

In Missouri, which of the following contracts must be in writing to be enforceable under the Statute of Frauds?

Accepted Answer

Contracts for the sale of land

Answer

Contracts performable within one year

Answer

Month-to-month leases

Answer

Service contracts under $500

Question 6

Which remedy places the non-breaching party in the position they would have occupied had the contract been fully performed?

Accepted Answer

Expectation damages

Answer

Restitution

Answer

Reliance damages

Answer

Nominal damages