Exam 11: Nature and Classes of Contracts: Contracting on the Internet

The Martin family owned a home that was badly in need of repair.Mrs.Martin worked outside the home and Mr.Martin took care of the household responsibilities and cared for the two young Martin children.One day,Mrs.Martin left for work and a home repair crew drove up and began to put aluminum siding on the Martin house.Mr.Martin telephoned his wife,told her,and inquired about whether she had hired the workers.When the Martins realized that they never had ordered this work done,Mr.Martin sneaked out the back with the children.He later met his wife at work and they returned home for dinner.By that time,the entire front of the house had been aluminum-sided.The foreman asked,"Mr.and Mrs.Wolf,how do you like the job?" The Martins replied that they loved the job,but the Wolfs lived next door.When it became clear that the repair crew had made an error,the foreman insisted that the Martins had to pay. a. Decide the case, and explain the reason(s)for your decision. b. Decide the case, assuming that the Martins were away on vacation when the improvements were made, and then returned home to discover the improvements.

A contract for an amount greater than $1 million must be made under seal or it is not binding.

When Gordon told Hanson that he was considering selling his house,Hanson offered to buy it.Gordon and Hanson entered into a contract in which Hanson paid Gordon $1,000 in cash for the right to buy Gordon's house for $150,000 in the event Gordon decided to sell it.Two weeks later,Jones offered Gordon $200,000 for his house,and Gordon agreed to sell it to her for that amount.Hanson sued Gordon to force Gordon to sell the house to him for $150,000,rather than to Jones for $200,000.Identify the probable result of the action.What type of contract,if any,was entered into between Gordon and Hanson?

The promisor in a contract may also be called the:

An option contract gives one of the parties an absolute right to enter into a second contract at a later date.

The law requires parties to be fair and reasonable in the making of a contract.

The principle behind the quasi contract is to prevent unjust enrichment.

The subject matter of a contract may relate to:

Louise owned a house next to Robert's house.Robert made a contract with Midcity Painters to paint his house.The painters arrived to paint Robert's house,but mistakenly painted Louise's house.She saw the painters at work and made no comment.Later,Midcity Painters sent Louise a bill for painting her house.She claimed that she was not liable because she had not made any contract with them.Is this a valid defense?

The greatest risk to purchasing online is providing your credit card information to the seller.

The effect of an implied contract is not the same as the effect of an express contract.

A contract is essentially an agreement that creates an obligation.

When a contract is fully performed by one party,it is called a unilateral contract.

In a quasi-contract situation,the reasonable value of services or goods to avoid unjust enrichment are called:

A contract requires:

The main thrust of the quasi contract is to:

A recognizance is an agreement by which one party admits or recognizes that a specified sum of money is owed to another party.

An implied contract is shown by:

An agreement that contemplates the performance of an act prohibited by law is usually void.

An obligation to pay for the reasonable value of services rendered when there is no contract would be called: