Exam 8: Introduction to Contracts

Bart agrees to sell Sandra six double-pane windows for $3,000. After the contract is signed, Bart and Sandra disagree as to the specific model of double-pane window that Bart was obligated to deliver. The contract only specifies "six double-pane windows." A court interpreting this contract will

The offeree is the party to whom an offer is made.

Ren offers to pay Sara to pick up and deliver certain business documents within thirty minutes. Sara can accept the offer only by completing the task within the deadline. If she does, Ren and Sara will have

In an express contract, the conduct of the parties creates and defines the terms.

Eve agrees to work for Far East Shipping, Ltd., as a translator. In determining whether a contract has been formed, an element of prime importance is

A voidable contract is a valid contract that can be avoided by one or both of the parties.

Formal contracts require a special form or method of creation to be enforceable.

To revoke an offer is to cancel it.

Only one party entering into a contract must have the legal capacity to do so for a valid contract to exist.

Cheri drives into Domestic Auto Service and asks to have a tire replaced on her car. After Domestic replaces the tire and Cheri pays for it, the contract between them is

Implied contracts are not true contracts.

Bo signs a lease with Capri Apartments to lease a studio apartment for the next year for $650 per month. Daisy signs on Capri's behalf as their agent. Bo and Capri have executed a(n)

Oceans Inc., a seafood distributor, agrees to buy from Paul, a commercial fisherman, any "overstock" of fish that Paul catches in excess of his legal limit. This agreement is most likely

If a contract is ambiguous, a court must determine the parties' intent without outside evidence .

Contract law governs all promises.

Every contract involves at least two parties.

One of the requirements of a valid contract is an adequate price.

Clay offers to pay Dot $50 for a golf lesson for Eula. They agree to meet the day after tomorrow to exchange the cash for the lesson. These parties have

Ed, a businessperson, is a friend of Fran, the owner of Good Morning, a coffee pastries kiosk. Every day, Ed spends five minutes at the kiosk, looking at the goods and usually buying one or two cinnamon buns or bagels. One afternoon, Ed looks at the items, and picks up a $1 chocolate brownie. He waves the brownie at Fran without saying a word and walks on. Is there a contract? If so, how would it be classified in terms of formation, performance, and enforceability?

A contract is an agreement that can be enforced in court.