Exam 9: Introduction to Contracts

ACME,Inc.is a software producer that entered into a verbal agreement with XYZ Corporation wherein XYZ agreed to buy ACME's newly developed software.The agreement also provided that ACME would supply training personnel,as well as technical personnel,to work with XYZ employees in installing and learning the software.What law governs this agreement?

(Essay)

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Question 41

Valerie promises Teresa that she will pay Teresa $75 if Teresa will clean Valerie's house by noon on Saturday.If Teresa cleans the house by noon on Saturday and Valerie pays the $75,then this is an implied,bilateral,executory contract.

(True/False)

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Question 42

The basic distinction between a bilateral contract and a unilateral contract is that:

(Multiple Choice)

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Question 43

A valid contract can legally be voided by either party.

(True/False)

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Question 44

All oral contracts are quasi-contracts until they are completely executed.

(True/False)

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Question 45

Some of the elements of a contract are agreement,consideration,legality,and capacity.

(True/False)

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Question 46

Which of the following represents a unilateral offer?

(Multiple Choice)

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Question 47

Showing 41 - 47 of 47

Valerie promises Teresa that she will pay Teresa $75 if Teresa will clean Valerie's house by noon on Saturday.If Teresa cleans the house by noon on Saturday and Valerie pays the $75,then this is an implied,bilateral,executory contract.

The basic distinction between a bilateral contract and a unilateral contract is that:

A valid contract can legally be voided by either party.

All oral contracts are quasi-contracts until they are completely executed.

Some of the elements of a contract are agreement,consideration,legality,and capacity.

Which of the following represents a unilateral offer?

Introduction to Law

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Intentional Torts and Business Torts

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International Law

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Conclusion to Contracts

Practical Contracts

Introduction to Sales

Negotiable Instruments

Secured Transactions

Bankruptcy

Agency Law

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Starting a Business: Llcs and Other Option

Life and Death of a Corporation

Government Regulation: Securities and Antitrust

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