Exam 10: Nature and Classification

Vita asks Walter,a cobbler and shoe salesperson,to repair a pair of work boots. There is no discussion of a price,and Vita and Walter do not sign any documents. After the repair,Walter hands Vita a bill. With respect to Vita's obligation to pay the bill,this is

All contracts include an implied covenant of good faith and fair dealing.

Peter offers to pay Quik Delivery (QD)$50 if it picks up and delivers to him a package of business documents from Rico within 30 minutes. QD can ac-cept the offer only by meeting the deadline. If QD performs as directed,these parties will have

Tania promises to buy Saki's handheld game-player for $40. Saki is

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

Sales Marketing Corporation and Tech Support,Inc.,negotiate a contract. If the contract has all of the elements necessary for one of the parties to enforce it in court,it is

If a contractual promise is not fulfilled,the person who made it may be required to perform the promised act.

Jack promises to buy Lizette's used textbook for $60. Jack is

Lana applies for a firefighter's job with Metro City,which responds with a letter setting an appointment for a medical exam. The letter also states that it is "an employment offer conditioned on the applicant passing the exam." This letter is

The element of intent is of prime importance in determining whether a contract has been formed.

When a rainstorm erupts outside Rita's Souvenir & Gift Shop,Rita and Shaw enter into an implied contract to split the revenue from Shaw's sale of umbrellas to Rita's customers. The terms of this contract are defined by

All contracts must be in writing to be enforceable.