Fortay v. University of Miami
Legal Insight: Fortay v. University of Miami Quiz
Test your knowledge on the legal aspects surrounding the Fortay v. University of Miami case. This quiz covers important concepts such as contracts, offers, and legal enforceability.
Learn more about:
- Whether a Letter of Intent is binding
- The differences between contract types
- Enforcement criteria for offers
Was the Letter of Intent a binding contract?
Yes
No
Is the Letter of Intent Legally Enforceable in court?
No
Yes
What is the difference between an executed contract and executory contract?
Executed contract are fully performed and executory contract are not fully performed.
Executed contracts are not fully formed and executory contracts are fully performed.
What is the difference between a unilateral contract and a bilateral contract?
A unilateral Contract is when the offeror promises something in return for the offeree’s performance and a bilateral contract iscontract formed by a mutual exchange of legally binding promises .
A unilateral contract is when a contract formed by a mutual exchange of legally binding promises and a bilateral contract is when the the offeror promises something in return for the offeree’s performance
Is a Letter of Intent a Unilateral contract or a Bilateral contract?
Unilateral Contract
Bilateral contract
What three thing must an offer past in order to be enforceable?
Contractual intent must be present in the offer
The offer must be communicated to the offeree
The essential terms of the offer must be complete and definite
It must come from the person or persons to whom the offer was made
March the terms in the offer
Be communicated to the offeror
The offeree gives the offeror something of value in return for a promise to keep the offer open. This is a binding contract.
What are the different way(s) to reject/terminate an offer?
Time state in the offer
Rejection by the offeree
Both
Does the Mirror Image rule apply to all acceptances in offers?
Yes
No
Was Fortay right to sue the University of Miami?
Yes
No
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