Exam 7: The Nature and Creation of Contracts

Garfield owns and operates a wholesale business called the Overseas Sporting Goods Store (OSGS). He recently delivered a box of cricket balls to his twenty- year- old son, Imran, and a box of cricket outfits to another sporting goods store called Hit- for- Six. Because Garfield's store went into financial difficulties shortly after making those deliveries to Imran and Hit- for- Six, questions have arisen regarding the nature of those deliveries. Which of the following statements is TRUE?

The three elements needed to create most contracts are best described as

You have developed a business proposal called the Law Book Club. Your intention is to send books to club members on a monthly basis. Under the proposal, each member would then be charged a price for the book unless he or she specifically indicated, within a one- week period, that he or she did not wish to purchase the selection. Discuss that proposal in terms of the rules regarding the acceptance of offers.

How does the death of either the offeror or the offeree affect an offer? Provide examples to illustrate your answer.

Regarding a battle of the forms, which one of the following does a court often consider when deciding which contractual form applies?

Lori offers to sell her season pass to the ballet for $200. Her co- worker, Alan, says that he will buy the pass for $150. Alan has provided

The phrase quid pro quo means

A firm offer is

Which of the following statements is TRUE?

Which of the following statements best explains why the courts use an objective test to determine whether or not there is an intention to create legal relations?