Question 1

Robert offers to buy a car from Jane for $400.Jane must accept this offer in order to form an enforceable contract.

Accepted Answer

A) True 
 B)False

Question 2

Jerry offers to shovel the snow from Ben's driveway for $35.Ben replies "OK." This is an example of

Accepted Answer

A) an implied, unilateral contract. 
B) an express, unilateral contract. 
C) an implied, bilateral contract. 
D) an express, bilateral contract. 
A) an implied, unilateral contract. 
B) an express, unilateral contract. 
C) an implied, bilateral contract. 
D) an express, bilateral contract.

Question 3

Courts may award damages called quantum meruit,which means

Accepted Answer

A) "as much as he deserves." 
B) "to the letter of the law." 
C) "let the buyer beware." 
D) "something for something." 
A) "as much as he deserves." 
B) "to the letter of the law." 
C) "let the buyer beware." 
D) "something for something."

Question 4

Lucy and Rick sign a contract in which Lucy agrees to deliver 10 boxes of chocolates in exchange for Rick's promise to pay $5 per box.Lucy delivers the candy.Rick pays for the goods.This contract is fully executory.

Accepted Answer

A) True 
 B)False

Question 5

In a unilateral contract,one party makes a promise that the other party can accept only by actually doing something.

Accepted Answer

A) True 
 B)False

Question 6

Walter enters a dentist office and points to a damaged tooth.The dentist,Matt,treats the tooth.If Walter refused to pay and Matt sued,

Accepted Answer

A) Walter would win as there was no contract. 
B) Walter would win because of the UCC. 
C) Matt would win; this is an implied contract. 
D) Matt would win in quantum meruit. 
A) Walter would win as there was no contract. 
B) Walter would win because of the UCC. 
C) Matt would win; this is an implied contract. 
D) Matt would win in quantum meruit.

Question 7

Which of the following is NOTrequired to establish promissory estoppel?

Accepted Answer

A) a promise made by the defendant 
B) a promise made by the plaintiff in response to the defendant's promise 
C) reliance on the defendant's promise 
D) Enforcing the promise is the only way to avoid injustice. 
A) a promise made by the defendant 
B) a promise made by the plaintiff in response to the defendant's promise 
C) reliance on the defendant's promise 
D) Enforcing the promise is the only way to avoid injustice.

Question 8

Noncompetition agreements are

Accepted Answer

A) more common today than they were in the past, although policy issues they raised in the 1700s have never gone away. 
B) now illegal, as they violate antitrust laws. 
C) infrequently litigated. 
D) relatively recent developments, first used following the Great Depression in the United States. 
A) more common today than they were in the past, although policy issues they raised in the 1700s have never gone away. 
B) now illegal, as they violate antitrust laws. 
C) infrequently litigated. 
D) relatively recent developments, first used following the Great Depression in the United States.

Question 9

Discuss the requirements of promissory estoppel.

Accepted Answer

Promissory estoppel is an equitable reme

Question 10

Jennifer has offered to sell her laptop computer for $750 to Jack.She tells Jack that the computer is only six months old but,in fact,it is three years old,and Jennifer wants to unload the lemon.Jack agrees to buy the computer based on Jennifer's representations.This contract is

Accepted Answer

A) a void agreement because of the fraud involved. 
B) a voidable contract, one that Jack can void. 
C) a voidable contract, because it is unilateral. 
D) a void contract because of the UCC. 
A) a void agreement because of the fraud involved. 
B) a voidable contract, one that Jack can void. 
C) a voidable contract, because it is unilateral. 
D) a void contract because of the UCC.

Question 11

Mike made the following offer to Mick: "I will pay you $500 if you agree to paint my house." Mick replied that he would.At this point,the contract is an

Accepted Answer

A) executed, bilateral, express contract. 
B) executory, bilateral, implied-in-law contract. 
C) executed, unilateral, express contract. 
D) executory, bilateral, express contract. 
A) executed, bilateral, express contract. 
B) executory, bilateral, implied-in-law contract. 
C) executed, unilateral, express contract. 
D) executory, bilateral, express contract.

Question 12

One purpose of contract law is to determine which agreements are worthy of legal enforcement.

Accepted Answer

A) True 
 B)False

Question 13

The element of a contract that states the parties must be adults of sound mind is consent.

Accepted Answer

A) True 
 B)False

Question 14

Patty is a poor college student struggling to work and keep up with her studies.Fred,her uncle,promises to pay Patty support of $200 per month for the next six months.Although Fred didn't ask her to,she quits her current job in order to devote full time to her studies for the next six months.Fred makes one payment and then stops with no explanation.If Patty sues,what is the likely result?

Accepted Answer

A) Fred would win, as he did not ask Patty to quit her job. 
B) Patty would win, as a contract was formed when Fred promised to pay her the support. 
C) Fred would win, as family members cannot sue each other for breach of an oral promise. 
D) Patty may win under the doctrine of promissory estoppel. 
A) Fred would win, as he did not ask Patty to quit her job. 
B) Patty would win, as a contract was formed when Fred promised to pay her the support. 
C) Fred would win, as family members cannot sue each other for breach of an oral promise. 
D) Patty may win under the doctrine of promissory estoppel.

Question 15

When Myrtle comes home from work one evening,she finds that her yard has been mowed and trimmed.Later,a man comes to collect for the yard work done.Myrtle refuses to pay for the work since she has never seen the man before and did not hire him to do her yard work.Which of the following answers is most accurate?

Accepted Answer

A) This is an implied, unilateral contract and she must pay the price requested by the man. 
B) This is an express, voidable contract that either party may avoid. 
C) The court would order Myrtle to pay the reasonable value of the yard work because of the benefit conferred on her. 
D) Myrtle would not have to pay for the yard work. 
A) This is an implied, unilateral contract and she must pay the price requested by the man. 
B) This is an express, voidable contract that either party may avoid. 
C) The court would order Myrtle to pay the reasonable value of the yard work because of the benefit conferred on her. 
D) Myrtle would not have to pay for the yard work.

Question 16

An agreement in which parties intend to form a valid bargain,but a court declares that some rule of law prevents enforcing it is called

Accepted Answer

A) a void agreement. 
B) a voidable contract. 
C) an unenforceable agreement. 
D) a quasi-contract. 
A) a void agreement. 
B) a voidable contract. 
C) an unenforceable agreement. 
D) a quasi-contract.

Question 17

When promissory estoppel is used by the courts,it is because there is NOT an enforceable contract present.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

What type of contract is a possible remedy for an injured plaintiff in a case with no valid contract,when the plaintiff can show benefit to the defendant,reasonable expectation of payment,and unjust enrichment?

Accepted Answer

A) an express contract 
B) an implied contract 
C) a quasi-contract 
D) a unilateral contract 
A) an express contract 
B) an implied contract 
C) a quasi-contract 
D) a unilateral contract

Question 20

What element of a contract refers to the parties involved being "adults of sound mind"?

Accepted Answer

A) Consideration 
B) Capacity 
C) Consent 
D) Legality 
A) Consideration 
B) Capacity 
C) Consent 
D) Legality

Exam 11: Introduction to Contracts

Robert offers to buy a car from Jane for $400.Jane must accept this offer in order to form an enforceable contract.

Jerry offers to shovel the snow from Ben's driveway for $35.Ben replies "OK." This is an example of

Courts may award damages called quantum meruit,which means

Lucy and Rick sign a contract in which Lucy agrees to deliver 10 boxes of chocolates in exchange for Rick's promise to pay $5 per box.Lucy delivers the candy.Rick pays for the goods.This contract is fully executory.

In a unilateral contract,one party makes a promise that the other party can accept only by actually doing something.

Walter enters a dentist office and points to a damaged tooth.The dentist,Matt,treats the tooth.If Walter refused to pay and Matt sued,

Which of the following is NOTrequired to establish promissory estoppel?

Noncompetition agreements are

Discuss the requirements of promissory estoppel.

Jennifer has offered to sell her laptop computer for $750 to Jack.She tells Jack that the computer is only six months old but,in fact,it is three years old,and Jennifer wants to unload the lemon.Jack agrees to buy the computer based on Jennifer's representations.This contract is

Mike made the following offer to Mick: "I will pay you $500 if you agree to paint my house." Mick replied that he would.At this point,the contract is an

One purpose of contract law is to determine which agreements are worthy of legal enforcement.

The element of a contract that states the parties must be adults of sound mind is consent.

An agreement in which parties intend to form a valid bargain,but a court declares that some rule of law prevents enforcing it is called

When promissory estoppel is used by the courts,it is because there is NOT an enforceable contract present.

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

What type of contract is a possible remedy for an injured plaintiff in a case with no valid contract,when the plaintiff can show benefit to the defendant,reasonable expectation of payment,and unjust enrichment?

What element of a contract refers to the parties involved being "adults of sound mind"?

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