Question 1

Which of the following shows accurate use of the doctrine of promissory (equitable) estoppel?

Accepted Answer

A)  George told Hans that he would give him his printer. If he doesn't, Hans could use the doctrine to force him to do so. 
B)  George wants to force Elaine to honour her promise to pay him $2. After he paid for a video they watched, she was so moved by the movie she said she would pay half the cost. 
C)  This doctrine can be used by a plaintiff to endorse a written promise signed and sealed (i.e., a seal has been affixed next to the signature of the promisor). 
D)  Lee, a defendant, can use this doctrine as a defence against a plaintiff insisting on his full legal right when he had promised to forgive Lee some of Lee's legal obligation and Lee relied on that promise. 
E)  If Lam requests services from Jones and there is no mention of price, if Lam doesn't pay Jones, this doctrine can be used to force Lam to pay a reasonable amount. 
A)  George told Hans that he would give him his printer. If he doesn't, Hans could use the doctrine to force him to do so. 
B)  George wants to force Elaine to honour her promise to pay him $2. After he paid for a video they watched, she was so moved by the movie she said she would pay half the cost. 
C)  This doctrine can be used by a plaintiff to endorse a written promise signed and sealed (i.e., a seal has been affixed next to the signature of the promisor). 
D)  Lee, a defendant, can use this doctrine as a defence against a plaintiff insisting on his full legal right when he had promised to forgive Lee some of Lee's legal obligation and Lee relied on that promise. 
E)  If Lam requests services from Jones and there is no mention of price, if Lam doesn't pay Jones, this doctrine can be used to force Lam to pay a reasonable amount.

Question 2

Explain the nature of the postbox rule.

Accepted Answer

When it is appropriate to resp

Question 3

Which of the following is correct with respect to the operation of the postbox rule?

Accepted Answer

A)  For the postbox rule to apply, the offer must be made by mail. 
B)  If the postbox rule applies, an acceptance must be communicated and heard by the offeree before it is effective. 
C)  If the postbox rule applies, the acceptance is effective at the time of mailing. 
D)  If the postbox rule applies, the only way for an acceptance to be effective is if it is sent by mail. 
E)  For the postbox rule to apply, the offeror must make that clear when the offer is made. 
A)  For the postbox rule to apply, the offer must be made by mail. 
B)  If the postbox rule applies, an acceptance must be communicated and heard by the offeree before it is effective. 
C)  If the postbox rule applies, the acceptance is effective at the time of mailing. 
D)  If the postbox rule applies, the only way for an acceptance to be effective is if it is sent by mail. 
E)  For the postbox rule to apply, the offeror must make that clear when the offer is made.

Question 4

Whether a contract or another form of Internet communication, UECA provisions determine that a message is sent as soon as it is committed to the system, and it is received as soon as it arrives on the recipient's computer, even if it is never read.

Accepted Answer

A) True 
 B)False

Question 5

An acceptance of an offer applies when and where it is received except when it is communicated by telephone.

Accepted Answer

A) True 
 B)False

Question 6

When you pay for an option, this prevents a person from revoking his offer before the expiration of the specified time.

Accepted Answer

A) True 
 B)False

Question 7

Discuss the elements of a contract required for electronic commerce transactions.

Accepted Answer

The legal status of an electronic commer

Question 8

On Friday, Harlan offers to sell Lily his motorcycle for $1000. When Lily hesitates, Harlan tells her to take her time deciding, promising her he will give her the weekend to make up her mind. On Saturday, Harlan runs into Lily at the mall and informs her he has sold the bike to Angie instead. What recourse does Lily have?

Accepted Answer

Lily is out of luck. Harlan's promise to

Question 9

Read the following and indicate which agreement would not be a binding contract because of a problem with the requirement of consideration. Assume all the other requirements for a binding contract have been met.

Accepted Answer

A)  Mr. Kooner sold a farm valued at $190,000 to his nephew for only $50,000. 
B)  Peter agreed to pay Ace Computers Ltd. $50 above the contract price if the company would have his new computer ready ten days earlier than the date specified in the original contract. 
C)  John, late for work, found his car battery was dead. He flagged down a passing truck and told the driver he would pay him $8 if he would agree to do him the favour of jump-starting the car. The driver of the truck agreed. 
D)  Len agreed to sell and Karen agreed to buy four of Len's records for "some money." 
E)  Mary promised in writing and under seal to give Planned Parenthood a donation of $100. 
A)  Mr. Kooner sold a farm valued at $190,000 to his nephew for only $50,000. 
B)  Peter agreed to pay Ace Computers Ltd. $50 above the contract price if the company would have his new computer ready ten days earlier than the date specified in the original contract. 
C)  John, late for work, found his car battery was dead. He flagged down a passing truck and told the driver he would pay him $8 if he would agree to do him the favour of jump-starting the car. The driver of the truck agreed. 
D)  Len agreed to sell and Karen agreed to buy four of Len's records for "some money." 
E)  Mary promised in writing and under seal to give Planned Parenthood a donation of $100.

Question 10

Distinguish between an offer and an invitation to treat.

Accepted Answer

An invitation to treat is an advertiseme

Question 11

For the postbox rule to apply, the offer must be made by mail.

Accepted Answer

A) True 
 B)False

Question 12

An ad in the newspaper providing for a reward for a lost dog is an example of an invitation to treat.

Accepted Answer

A) True 
 B)False

Question 13

Deceitful practices and fraud are ongoing concerns for those transacting business on the Internet. Pat has recently been the victim of such a scam. He gets into a heated discussion with his friend over the application of current consumer protection laws to online transactions. Which of the following statements is correct?

Accepted Answer

A)  While case law applies to online activities, statute law-such as sale of goods legislation-does not apply to such transactions. 
B)  Although new legislation may be enacted in the future, general consumer protection legislation has yet to be extended to online transactions in any Canadian jurisdictions. 
C)  Provinces are adopting federal Uniform Electronic Commerce Act guidelines. 
D)  Provincial consumer protection legislation has been ineffective in protecting consumers with respect to Internet transactions. 
E)  Consumer protection law in respect of online transactions is governed by the federal Universal Internet Transactions Act (UIT
A) . 
A)  While case law applies to online activities, statute law-such as sale of goods legislation-does not apply to such transactions. 
B)  Although new legislation may be enacted in the future, general consumer protection legislation has yet to be extended to online transactions in any Canadian jurisdictions. 
C)  Provinces are adopting federal Uniform Electronic Commerce Act guidelines. 
D)  Provincial consumer protection legislation has been ineffective in protecting consumers with respect to Internet transactions. 
E)  Consumer protection law in respect of online transactions is governed by the federal Universal Internet Transactions Act (UIT
A) .

Question 14

The existence of a seal eliminates the need for the elements of a valid contract.

Accepted Answer

A) True 
 B)False

Question 15

Sam owed Joe $6000 due January 12, 2017. On January 1st, Joe said he'd take $5000 in full satisfaction of the debt if Sam paid him $5000 on January 5th instead. Sam paid on January 5th. A week later, Joe wants to sue Sam for the $1000 he (Joe) was legally owed. Which of the following is true?

Accepted Answer

A)  Joe would win because his forgiveness of the loan was gratuitous, (i.e., unsupported by consideration). 
B)  Joe would win because they cannot change the original deal. 
C)  Joe would lose because of the doctrine of quantum meruit. 
D)  Joe would lose because of the rule that past consideration is no consideration. 
E)  Joe would lose because early repayment constituted consideration to support the new arrangement. 
A)  Joe would win because his forgiveness of the loan was gratuitous, (i.e., unsupported by consideration). 
B)  Joe would win because they cannot change the original deal. 
C)  Joe would lose because of the doctrine of quantum meruit. 
D)  Joe would lose because of the rule that past consideration is no consideration. 
E)  Joe would lose because early repayment constituted consideration to support the new arrangement.

Question 16

Discuss the requirement of consideration and its role and value in the formation of contracts. In your answer, be sure to deal with the issue of fairness in the bargaining process.

Accepted Answer

Here students should deal with the natur

Question 17

Which of the following statements regarding online transactions is true?

Accepted Answer

A)  Conducting transactions online negates the need to satisfy the normal requirements of a contract. 
B)  The postbox rule applies to both non-instantaneous and instantaneous methods of communication. 
C)  Common law has established the equivalency of electronic documents to written ones. 
D)  Electronic signatures are not effective in determining the capacity of the parties entering into a contract. 
E)  Clicking an "I Accept" button may constitute valid acceptance of the terms of an agreement. 
A)  Conducting transactions online negates the need to satisfy the normal requirements of a contract. 
B)  The postbox rule applies to both non-instantaneous and instantaneous methods of communication. 
C)  Common law has established the equivalency of electronic documents to written ones. 
D)  Electronic signatures are not effective in determining the capacity of the parties entering into a contract. 
E)  Clicking an "I Accept" button may constitute valid acceptance of the terms of an agreement.

Question 18

When the parties agree to pay the "market value" of an item, or when some other objective method or formula for pricing a product at some time in the future is used, the consideration is calculable and is thus sufficiently specific to be binding.

Accepted Answer

A) True 
 B)False

Question 19

All of the essential terms of a contract must be clearly specified.

Accepted Answer

A) True 
 B)False

Question 20

Roberts has the chance to buy three adjacent city lots zoned "duplex." The most profitable return would be the building of four townhouses across the three lots, but that would necessitate getting permission from the city for the replotting, which would be a time-consuming process. If Roberts buys a 60-day option from the seller of the properties for $4000, which of the following would be true?

Accepted Answer

A)  The offer for the properties will expire before the end of the designated 60-day period if another person offers a higher price. 
B)  If Roberts does not exercise the option during the option period, she can later force the seller to sell that property to her at that price. 
C)  By buying the option, Roberts has bought a period of time during which she must accept the land offer. 
D)  If Roberts does not exercise the option, she will get her $4000 back because she didn't get what she was bargaining for. 
E)  The seller is bound by contract neither to sell the property to any other party or to revoke the offer within the option period. 
A)  The offer for the properties will expire before the end of the designated 60-day period if another person offers a higher price. 
B)  If Roberts does not exercise the option during the option period, she can later force the seller to sell that property to her at that price. 
C)  By buying the option, Roberts has bought a period of time during which she must accept the land offer. 
D)  If Roberts does not exercise the option, she will get her $4000 back because she didn't get what she was bargaining for. 
E)  The seller is bound by contract neither to sell the property to any other party or to revoke the offer within the option period.

Which of the following shows accurate use of the doctrine of promissory (equitable) estoppel?

Explain the nature of the postbox rule.

Which of the following is correct with respect to the operation of the postbox rule?

Whether a contract or another form of Internet communication, UECA provisions determine that a message is sent as soon as it is committed to the system, and it is received as soon as it arrives on the recipient's computer, even if it is never read.

An acceptance of an offer applies when and where it is received except when it is communicated by telephone.

When you pay for an option, this prevents a person from revoking his offer before the expiration of the specified time.

Discuss the elements of a contract required for electronic commerce transactions.

Read the following and indicate which agreement would not be a binding contract because of a problem with the requirement of consideration. Assume all the other requirements for a binding contract have been met.

Distinguish between an offer and an invitation to treat.

For the postbox rule to apply, the offer must be made by mail.

An ad in the newspaper providing for a reward for a lost dog is an example of an invitation to treat.

The existence of a seal eliminates the need for the elements of a valid contract.

Sam owed Joe $6000 due January 12, 2017. On January 1st, Joe said he'd take $5000 in full satisfaction of the debt if Sam paid him $5000 on January 5th instead. Sam paid on January 5th. A week later, Joe wants to sue Sam for the $1000 he (Joe) was legally owed. Which of the following is true?

Discuss the requirement of consideration and its role and value in the formation of contracts. In your answer, be sure to deal with the issue of fairness in the bargaining process.

Which of the following statements regarding online transactions is true?

When the parties agree to pay the "market value" of an item, or when some other objective method or formula for pricing a product at some time in the future is used, the consideration is calculable and is thus sufficiently specific to be binding.

All of the essential terms of a contract must be clearly specified.

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

Which of the following shows accurate use of the doctrine of promissory (equitable) estoppel?

Explain the nature of the postbox rule.

Which of the following is correct with respect to the operation of the postbox rule?

Whether a contract or another form of Internet communication, UECA provisions determine that a message is sent as soon as it is committed to the system, and it is received as soon as it arrives on the recipient's computer, even if it is never read.

An acceptance of an offer applies when and where it is received except when it is communicated by telephone.

When you pay for an option, this prevents a person from revoking his offer before the expiration of the specified time.

Discuss the elements of a contract required for electronic commerce transactions.

Read the following and indicate which agreement would not be a binding contract because of a problem with the requirement of consideration. Assume all the other requirements for a binding contract have been met.

Distinguish between an offer and an invitation to treat.

For the postbox rule to apply, the offer must be made by mail.

An ad in the newspaper providing for a reward for a lost dog is an example of an invitation to treat.

The existence of a seal eliminates the need for the elements of a valid contract.

Sam owed Joe $6000 due January 12, 2017. On January 1st, Joe said he'd take $5000 in full satisfaction of the debt if Sam paid him $5000 on January 5th instead. Sam paid on January 5th. A week later, Joe wants to sue Sam for the $1000 he (Joe) was legally owed. Which of the following is true?

Discuss the requirement of consideration and its role and value in the formation of contracts. In your answer, be sure to deal with the issue of fairness in the bargaining process.

Which of the following statements regarding online transactions is true?

When the parties agree to pay the "market value" of an item, or when some other objective method or formula for pricing a product at some time in the future is used, the consideration is calculable and is thus sufficiently specific to be binding.

All of the essential terms of a contract must be clearly specified.

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