Exam 10: Nature and Classification

Cellphones & Calltime,Inc.,makes an offer to Delores to enter into a contract to work as a salesperson for a certain base salary plus commission for ninety days subject to a one-year renewal based on her performance. Delores accepts the offer. A valid contract requires

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. Bo and Capri have

Francisca and Garden Estate,Inc.,enter into a contract for the use of a Victorian mansion and its grounds for a wedding and reception. If ambiguities appear in the contract,they will be construed against the party that

When a contract's writing is not clear,a court will not consider evidence outside the contract to interpret its terms.

Mallory promises to buy illegal digital copies of movies from Nick,who promises to deliver on October 31. These promises are most likely

In contract law,intent is determined by the subjective theory of contracts.

Some promises are not legally binding.

A contract is valid only if both of the parties entering into it have the capacity to do so.

Informal contracts include all contracts other than formal contracts.

Randy promises to give Stewart her iPod in exchange for Stewart's promise to pay Randy $50. This bilateral contract was created when

If a voidable contract is ratified,the parties must fully perform their respective legal obligations.

An offeree is a person who makes an offer.

The only requirement of a valid contract is that it be voluntarily entered into.

In contract law,intent is determined by the secret,subjective intent,or belief,of a party.

A court will normally interpret the language of a contract according to what the parties claim their intent was when they made it.

Bobbie claims that Carly breached their contract. Carly responds that she never intended to enter into a contract with Bobbie. The intent to enter into a contract is determined with reference to

Jim tells Dana that he will take her out to lunch on Thursday. Jim has made Dana

Jana tells Levi she will give him an Xbox if Levi does Jana's chores for a month. Levi promises to do the chores. Jana and Levi have formed

InTown Delivery Service promises to deliver a certain couch to Kurt,who promises to pay for the service. If InTown does not perform,it may be required to

Lucy agrees to work for Mung Manufacturing,Ltd.,as a Chinese/ English/ French translator. In determining whether a contract has been formed,an element of prime importance is