1. List & Define the 6 contract elements
Capacity
Offer
Acceptance
Consideration
Legality
Genuine Agreement

2. List Contract that must be in writing:
Pay debts of others
Pay debts of deceased
Most contracts taking more than 1 year to perform
Contracts in Consideration of Marriage:
Sale of real estate
Most Sale of Goods of $500 or more

3. What should you do before signing a contract?
Read and Understand Everything!
If you don’t understand something or don’t agree, don’t sign or cross it out and other party must initial it
If contract doesn’t contain all that was promised then write it in or have new contract written

4. When may a minor be held to a contract?
Emancipated
Contract was for a necessity item
Insurance
Student Loans
Medical Services
Serving in armed forces

5. How does the state of PA rule in most cases of broken marriage engagements?
Ring is given in Consideration of Marriage
If marriage does not happen the ring goes back to the giver
Court does not care who is at fault

6. Cases: Know the outcome for each and court’s reason for the outcome
Pavlicic V. Vogtsberger
Ferraro v. Singh
Opera Co of Boston v Wolf Trap Foundation

7. Bankruptcy
What expenses cannot be discharged?

8. BONUS
10 questions! Mostly from textbook work