AR Bar Contracts

Question 1

Under Arkansas contract law, which element is NOT required to form a valid contract?

Accepted Answer

Writing

Answer

A writing is not required for most contracts; oral contracts are generally enforceable in Arkansas unless the Statute of Frauds applies.

Question 2

Under the Arkansas Statute of Frauds, which type of contract must be in writing to be enforceable?

Accepted Answer

A contract for the sale of real estate

Answer

Contracts for the sale of real estate must be in writing to be enforceable under the Arkansas Statute of Frauds.

Question 3

In Arkansas, the general statute of limitations for a written contract action is:

Accepted Answer

5 years

Answer

Arkansas provides a five-year statute of limitations for actions on written contracts under Ark. Code Ann. § 16-56-111.

Question 4

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

Accepted Answer

3 months

Answer

Under UCC § 2-205, a merchant's written firm offer is irrevocable for the stated period, not to exceed three months.

Question 5

Which doctrine allows an Arkansas court to refuse enforcement of a contract that is shockingly unfair at the time it was formed?

Accepted Answer

Unconscionability

Answer

The doctrine of unconscionability allows courts to refuse to enforce contracts that are oppressively unfair at the time of formation.

AR Bar - Arkansas Bar Test Practice Test