Exam 8: Contracts: Enforceable Agreements

Although the Uniform Commercial Code (UCC) has been adopted, at least in part, by   _________________ states, important ____________________ exist among the adopters in its  application to commerce.

A ( n ) _ _ _ _ _ _ _ _ _ _ is the party to a contract who makes a promise to do something.

Tony entered into a complete and final written lease agreement for an apartment. The lease specified in bold, "NO PETS." At the time the parties signed the agreement, Tony pleaded with the landlord to  allow him to keep Fluffy his cat. The landlord promised orally that keeping the cat would not be a problem. Tony's friends can attest to the fact that the landlord made this oral promise, but now the landlord wants to terminate the lease agreement. The lease provides for early termination with a penalty provision if pets are found on the premises. Which of the following statements is TRUE?

Distinguish between an assignment and delegation.​

Chad, who owns the only coffee shop in Rivercity, learns that Jose is about to open a competing coffee shop in the same small town, just a few blocks from Chad's. Chad offers Jose $10,000 in return for Jose's promise not to open a coffee shop in the Rivercity area for six months. Jose accepts the $10,000 but goes ahead with his plans, even though he had agreed not to do so. When Jose opens his coffee shop for business, Chad sues to enjoin Jose's continued operation or to recover the $10,000.​

The famous heart surgeon Dr. Ardmeyer entered into an agreement with Brenda Thrope to do heart surgery on Brenda immediately after her University final examination. Unfortunately, the time of the operation conflicted with Dr. Ardmeyer' s bowling tournament, and the doctor assigned the operation to Muckinfuss, a licensed doctor and recent graduate of an unaccredited medical school, Cashcow University of the Somewhat Offshore Islands. Brenda, under anesthesia, was unaware of the switch in surgeons. The surgery was successful and Brenda has completely recovered. Brenda has decided not to pay. No contract terms covered any transfer of responsibility for the surgery.

A promise to make a gift to a charity can not be enforceable because the promisor receives no  consideration in return.

Plotty's Discount Motors sold a Pontiac Grand Am to Charles. The car's odometer said it had less than 130,000 miles on it, but a history report says the actual mileage is about 230,000. Plotty's Motors was manipulating the odometer dial on vehicles and turning the mileage listed backwards in order to make the vehicles more appealing to prospective buyers. If Charles chose to keep the car and sue for Damages, which statement is TRUE?​

If a contract has not been fully performed, it is called a(n) ____________ contract.​

Adrian sent an offer to Sehar by mail to sell him a used computer monitor for $125. An appropriate response accepting this offer is first effective to form a contract when​

Broadnorf Warbeagle is specifically designated to receive cash benefits of $2,000 from Ferd under a contract solely between Cantwell and Ferd. Cantwell owes Broadnorf $4,000. Ferd had never heard of Broadnorf before his recent contract with Cantwell. ​ The fact situation suggests the existence of​

A bargain so unfair to a party that no reasonable or informed person should agree to it and a court may decline to enforce is considered to be a(n) ___________________ .​

DB offered to sell a cap for $10. Dan asked if she would give him 2 hours to think about it. She said, "Sure." Dan checked eBay, learned the hat was worth $100, but before he could call to accept the offer, she revoked it.​

Although the parties failed to comply with the applicable statute of frauds, a contract that was fully executed​

The Carolina Panthers signed a 4-year $22 million contract with Cam Newton. Which of the following statements is TRUE?​

Contracts with unlicensed persons are enforceable by the unlicensed person if the purpose of the licensing statute is to simply raise revenue rather than to protect the public from unqualified practitioners.​

Numerous statutes have been enacted to protect buyers and sellers in sales transactions before, during, and after their related negotiations.​

After a minor becomes an adult failure to _____________ within a reasonable ________ by the minor, will turn a __________________ into a _____________ ..​

When officials of your city government make contracts for construction of a recreation center in your neighborhood park, complete with swimming pool, tennis courts, and baseball diamond, you and your fellow residents become​

DB offered to sell a cap in her possession for $10. Dan said he would pay $5.