Exam 9: Introduction to Contracts

Brian makes a material misrepresentation of fact regarding his horse to Rosalind while out riding one day.Later that day, Rosalind makes an offer to buy the horse which Brian accepts, without correcting his earlier misrepresentation of fact.

It is common for transactions to involve multiple contracts.Identify at least four contracts that might be involved in Costello's sale of land to Johnston.

Able is involved in an automobile accident and is injured.While he is unconscious, the police call an ambulance which takes him to a hospital.Able is treated at the hospital and released a day later.The hospital sends him a bill for $6,500, which Able refuses to pay, claiming it is too high and he never consented to the treatment because he was unconscious.Able:

Briefly discuss if and how contract law changed over the nineteenth and twentieth centuries.

Albert breaches a contract with Bill in a state where the statute of limitations is six years.Seven years later Bill wants to sue.The contract is unenforceable, but it is neither void nor voidable.

A contract to sell life insurance is covered by Article 2 of the Uniform Commercial Code.

Lance has a contract with Smith to resurface a driveway at the Smith residence.Lance by mistake stops at the Jones residence and resurfaces Jones' driveway.Jones lives next door to Smith and knows that Lance is at the wrong residence.Jones, however, says nothing and watches while Lance resurfaces his driveway.Is Jones under any contractual obligation to pay Lance for resurfacing his driveway? Explain your answer.

George has been declared incompetent by the court and is under the care of his sister.Unknown to his sister, George rents the 30,000-seat civic center for his birthday party.George's contract to rent the civic center is best described as:

A noncontractual promise may be enforceable where there has been justifiable reliance on the promise.

According to the UCC, an enforceable agreement involving the transfer of title of goods from a seller to a buyer for a price is called a(n):

Distinguish between: a.express and implied contracts b.executed and executory contracts c.bilateral and unilateral contracts.

Anna by mistake delivers to Bob a plain, unaddressed envelope containing $50 intended for Cora.Bob:

The concept of consideration in contract law includes: