Exam 8: Nature and Classification

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Holiday Sales Company and Global Distributors,Inc.,enter into a contract for the delivery of imported specialty goods.Until the goods are delivered and paid for,these parties have

(Multiple Choice)

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Question 21

Some promises create moral,but not legal,obligations.

(True/False)

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Question 22

An offer to form a bilateral contract is accepted only by promising to perform the contract performance.

(True/False)

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Question 23

Vernon claims that his contract with Ulani is voidable.If their contract is avoided

(Multiple Choice)

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Question 24

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

(Multiple Choice)

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Question 25

Phil agrees to work for Vacation Resorts,Inc.,as a chef.In determining whether a contract has been formed,an element of prime importance is

(Multiple Choice)

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Question 26

A voidable contract is a valid contract that can be avoided at the option of at least one of the parties to it.

(True/False)

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Question 27

Informal contracts require a special form or method of creation.

(True/False)

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Question 28

Opie offers to sell his guitar to Pinky for $200.Pinky agrees.They complete and sign a printed form and Pinky gives Opie a check for the price.The check is

(Multiple Choice)

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Question 29

Kelly tells Jimmy she will pay him $1,000 if he builds a shed in her backyard.Kelly is

(Multiple Choice)

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Question 30

Kathryn signs a lease agreement for an apartment.Kathryn has entered into

(Multiple Choice)

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Question 31

Cynthia tells Darryl that she will deliver his boxes of Paradise Cookies as he directs.A declaration that one will do something in the future is part of the defini-tion of

(Multiple Choice)

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Question 32

A quasi contract is nota true contract.

(True/False)

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Question 33

The person who makes a promise is the promisee.

(True/False)

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Question 34

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

(Multiple Choice)

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Question 35

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

(True/False)

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Question 36

Scot and Tiffany enter into an implied contract.The parties' conduct

(Multiple Choice)

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Question 37

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

(Multiple Choice)

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Question 38

A lottery is an example of an offer for a unilateral contract.

(True/False)

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Question 39

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

(Multiple Choice)

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Question 40

Showing 21 - 40 of 72

Exam 8: Nature and Classification

Holiday Sales Company and Global Distributors,Inc.,enter into a contract for the delivery of imported specialty goods.Until the goods are delivered and paid for,these parties have

Some promises create moral,but not legal,obligations.

An offer to form a bilateral contract is accepted only by promising to perform the contract performance.

Vernon claims that his contract with Ulani is voidable.If their contract is avoided

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

Phil agrees to work for Vacation Resorts,Inc.,as a chef.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 at the option of at least one of the parties to it.

Informal contracts require a special form or method of creation.

Opie offers to sell his guitar to Pinky for $200.Pinky agrees.They complete and sign a printed form and Pinky gives Opie a check for the price.The check is

Kelly tells Jimmy she will pay him $1,000 if he builds a shed in her backyard.Kelly is

Kathryn signs a lease agreement for an apartment.Kathryn has entered into

Cynthia tells Darryl that she will deliver his boxes of Paradise Cookies as he directs.A declaration that one will do something in the future is part of the defini-tion of

A quasi contract is nota true contract.

The person who makes a promise is the promisee.

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

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

Scot and Tiffany enter into an implied contract.The parties' conduct

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

A lottery is an example of an offer for a unilateral contract.

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 Legal and Constitutional Environment of Business

Courts and Alternative Dispute Resolution

Ethics and Business Decision Making

Tort Law

Intellectual Property

Internet Law,social Media,and Privacy

Criminal Law and Cyber Crime

Agreement in Traditional and E-Contracts

Consideration, capacity, and Legality

Defenses to Contract Enforceability

Third Party Rights and Discharge

Breach and Remedies

The Formation of Sales and Lease Contracts

Performance and Breach of Sales and Lease Contracts

Warranties and Product Liability

Negotiability, transferability, and Liability

Checks and Banking in the Digital Age

Secured Transactions

Creditors Rights and Bankruptcy

Agency Relationships

Employment Law

Sole Proprietorships, partnerships, and Limited Liability Companies

Corporate Formation, financing, and Termination

Corporate Directors, officers, and Shareholders

Investor Protection, insider Trading, and Corporate Governance

Personal Property and Bailments

Real Property and Landlord-Tenant Law

Insurance, wills, and Trusts

Liability of Accountants and Other Professionals

International Law in a Global Economy

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