$200

2. Property Potpourri Agency & Employment Contracts UCC 2 $100 $100 $100 $100 $100 $200 $200 $200 $200 $200 $300 $300 $300 $300 $300 $400 $400 $400 $400 $400 Final Jeopardy $500 $500 $500 $500

3. C1 $100 • Agreement • Consideration • Legality • Capacity

4. C1? $100 What are the elements of a contract?

5. C1 $200 • Identification of parties • Subject matter • Price • Time for performance

6. C1 $200 • What terms must be contained in an offer?

7. C1 $300 • A promise made in exchange for a promise.

8. C1 $300 What is a bilateral contract?

9. C1 $400 • A contract clause intended to prevent an employee from working for a competitor.

10. C1 $400 What is a noncompete clause?

11. C1 final The final Jeopardy answer is: • Method of estate distribution that follows family lines - deceased heir’s share goes down to his issue (and only if there is issue)

12. C1 final What is Per Stirpes?

13. C2 $100 • A law governing an agreement to buy or sell goods.

14. C2 $100 What is Uniform Commercial Code Article 2?

15. C2 $200 An implied warranty that goods are fit for their ordinary purpose.

16. C2 $200 What is a warranty of merchantability?

17. C2 $300 • Under UCC 2, this person always takes goods free and clear of any security interest.

18. C2 $300 Who is a buyer in the ordinary course of business?

19. C2 $400 • A written statement that certain warranties do not apply or a statement that the goods are sold “as is”.

20. C2 $400 What is a disclaimer?

21. C2 $500 • An implied warranty that goods are fit for a particular purpose that the seller knows is the buyer’s reason for purchasing the goods.

22. C2 $500 What is a warranty of fitness?

23. C3 $100 Goods that have become attached to real property.

24. C3 $100 What are fixtures?

25. C3 $200 • Gives a person the right to enter land of another for a limited purpose.

26. C3 $200 What is an easement?

27. C3 $300 • Grants an inventor exclusive right to use an invention

28. C3 $300 What is a patent?

29. C3 $400 • A type of ownership that may terminate upon the occurrence of some limiting event or condition.

30. C3 $400 What is a fee simple defeasible?

31. C3 $500 • Law requiring that contracts for the sale of land or for the sale of goods worth more than $500 be in writing.

32. C3 $500 What is the Statute of Frauds?

33. C4 $100 • A factual mistake that justifies rescission of a contract.

34. C4 $100 What is a mutual (or bilateral) mistake?

35. C4 $200 • An equitable remedy based on a defendant’s promise on which the plaintiff reasonably relied – to his detriment.

36. C4 $200 What is promissory estoppel?

37. C4 $300 • Damages agreed upon in advance, in the contract.

38. C4 $300 • What are liquidated damages?

39. C4 $400 A promise made by one party which in reality obligates him to do nothing.

40. C4 $400 What is an illusory promise?

41. C4 $500 • A contract clause intended to relieve one party of potential tort liability.

42. C4 $500 What is an exculpatory clause?

43. C5 $100 The fiduciary relationship that arises when a one person (principal) assents to another (agent) acting on his behalf and under his control.

44. C5 $100 What is an agency relationship?

45. C5 $200 Rule that employer is liable for tortious actions of an employee acting within the scope of his/her authority.

46. C5 $200 What is Respondeat Superior?

47. C5 $300 • An employee who does not have an explicit contract and who can be fired at any time without a reason.

48. C5 $300 What is an employee at will?

49. C5 $400 • Defense to a discrimination claim that establishes that discriminatory job requirements are essential to the position in question.

50. C5 $400 What is a bona fide occupational qualification (BFOQ)?