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Contracts Flashcards

6 cards from real AR BAR practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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

    Answer: Writing

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

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

    Answer: A contract for the sale of real estate

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

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

    Answer: 5 years

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

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

    Answer: 3 months

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

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

    Answer: Unconscionability

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

  6. Under Arkansas contract law, an anticipatory repudiation occurs when:

    Answer: A party clearly indicates before the due date that it will not perform

    Anticipatory repudiation occurs when a party unequivocally communicates its intent not to perform before the performance date arrives.