Exam 9: Introduction to Contracts

Vi offers to pay Allison $150 if Allison will paint her apartment while she is out of town on vacation for two weeks.Allison makes no promise but tells Vi that she will think about it.While Vi is out of town, Allison paints the apartment.This is best described as:

During the twentieth century it became easier to enter into a contract as well as to get out of one.

A contract for the sale of a copyright is governed by Article 2 of the Uniform Commercial Code.

An implied in fact contract is not as enforceable as an express contract.

A promisee is the person making a promise.

Stan sends for a law school catalog from Ivory Towers University.According to the catalog, the law school applications are evaluated on the basis of undergraduate grades, standardized test scores, and references.Stan, who is a straight-A student, has high test scores and excellent references, applies and pays the $100 application fee.His application is rejected.Later he finds out that others with low grades and test scores were accepted based on their family connections and donations made to the University.If Stan followed all of the guidelines in the college catalog and paid the required application fee, then according to the court in Steinberg v.Chicago Medical School:

The doctrine of promissory estoppel:

The difference between an express contract and an implied in fact contract is the manner in which the parties manifest assent.

Under the Code, "goods" are defined as tangible personal property.

What is the doctrine of promissory estoppel, and when is it used?

Allannah has entered into a contract to buy a new Steinway piano.The law governing the contract is Article 3 of the UCC.

The court in the Weichert Co.Realtors v.Ryan case held that the performing party was entitled to recoup the reasonable value of the services rendered under:

Mike, a plumbing contractor, was hired to correct a stoppage in the sewer line at Sarah's house.During his work, he discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line.To meet public regulations, the water pipe had to be replaced either then or later, when the yard would have to be redug.Mike replaced the water pipe and Sarah inspected the work daily and did not object to the extra work.When Mike finished, Sarah refused to pay for the water pipe replacement since that was not what she originally hired Mike to do and she had never specifically agreed to that work.Sarah must pay Mike for his labor and materials costs for both the sewer and water line repair.

An obligation imposed by law where there has been no agreement or expression of assent by word or act on the part of either party involved is a(n):

Promissory estoppel is a contractual doctrine that includes which of the following considerations?

What are the essential elements of a contract? List and discuss them.

Caroline signs a contract to work as a sales rep for Incellmed Corporation for a period of two years.This contract is governed by:

Alice makes a material misrepresentation of fact to Betty, and based upon the misrepresentation, Betty enters into a contract.Betty now realizes she was deceived and wants to get out of the contract.This contract is voidable at Betty's option.

Quasi contracts are used to provide a remedy when the parties enter into a(n):

The requirement that each party to a contract must intentionally exchange something of value as an inducement to the other party to make a return exchange is known as: