Question 1

Is an "agreement to agree" binding?

Accepted Answer

No. An offer must include all

Question 2

An ad in the morning newspaper read "Absolutely the best offer anywhere in Calgary. We'll give you a StarSystem tablet/laptop with a Roland PR-1011 wi-fi printer for only $1299!!! Pick it up today." This is an example of which of the following?

Accepted Answer

A)  Offer 
B)  Invitation to treat 
C)  Gratuitous promise 
D)  Bilateral contract 
E)  Unilateral contract 
A)  Offer 
B)  Invitation to treat 
C)  Gratuitous promise 
D)  Bilateral contract 
E)  Unilateral contract

Question 3

Which of the following is not an example of a contract?

Accepted Answer

A)  A written promise to give your husband a ring for Christmas 
B)  A verbal agreement to work for someone starting next week 
C)  A verbal agreement for the sale of a car where neither the money or the car has yet changed hands 
D)  An agreement not to sue someone for negligence in exchange for their promise to pay you a specified amount 
E)  An implied promise to pay for a meal when you order it 
A)  A written promise to give your husband a ring for Christmas 
B)  A verbal agreement to work for someone starting next week 
C)  A verbal agreement for the sale of a car where neither the money or the car has yet changed hands 
D)  An agreement not to sue someone for negligence in exchange for their promise to pay you a specified amount 
E)  An implied promise to pay for a meal when you order it

Question 4

Explain the principle of promissory estoppel and how it relates to the requirement of consideration in contract law. In your answer, explain any limitations on its availability.

Accepted Answer

Here students are expected to show an un

Is an "agreement to agree" binding?

An ad in the morning newspaper read "Absolutely the best offer anywhere in Calgary. We'll give you a StarSystem tablet/laptop with a Roland PR-1011 wi-fi printer for only $1299!!! Pick it up today." This is an example of which of the following?

Which of the following is not an example of a contract?

Explain the principle of promissory estoppel and how it relates to the requirement of consideration in contract law. In your answer, explain any limitations on its availability.

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputes: the Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence, Professional Liability, and Insurance

The Elements of a Contract: Capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Agency and Partnership

Corporations

Employment

Intellectual Property

Real and Personal Property and Protection of the Environment

Priority of Creditors

Sales and Consumer Protection

Filters

Exam 6: The Elements of a Contract: Consensus and Consideration

Is an "agreement to agree" binding?

An ad in the morning newspaper read "Absolutely the best offer anywhere in Calgary. We'll give you a StarSystem tablet/laptop with a Roland PR-1011 wi-fi printer for only $1299!!! Pick it up today." This is an example of which of the following?

Which of the following is not an example of a contract?

Explain the principle of promissory estoppel and how it relates to the requirement of consideration in contract law. In your answer, explain any limitations on its availability.

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputes: the Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence, Professional Liability, and Insurance

The Elements of a Contract: Capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Agency and Partnership

Corporations

Employment

Intellectual Property

Real and Personal Property and Protection of the Environment

Priority of Creditors

Sales and Consumer Protection

Filters