Exam 6: Overview and Language of Contracts

Courts enforce contracts only if each party has the legal capacity to enter into a contract.Which classes of persons have limited power to contract?

Most advertisements in the mass media are not offers because they

A contract is a promise or set of promises _______ by law.

An offer is considered to have terminated via _______ when a time limit attached by the offeror expires or after a reasonable time has passed.

Sophia stops at a coffee shop after class and orders a latte.This is an example of an implied contract.

Why is it so important that the law of contracts be ordered and strong,particularly with regard to the business world?

Legal purpose means the contract itself does not violate the law.

A building manager hires a painting company to paint the common areas in the building.The manager will supply all of the paint.This contract is a hybrid contract.

April is at work when a commercial painter's truck pulls up in front of her house.After checking the address on his assignment sheet,the painter starts erecting ladders against April's house and unloading brushes,rollers,and cans of paint.April has not contracted with this company,and the company has mistakenly put the wrong address on the painter's assignment sheet.When April arrives home,the painter is just finishing and he presents her with a bill.Is she obligated to pay? Why or why not?

A handyman goes to the wrong house by mistake and cleans the gutters while the homeowners are at work.The homeowners will have to pay for the service under the quasi-contract theory of unjust enrichment.

When a party may,at his or her option,either disaffirm or enforce a contract,that contract is said to be _______.

An agreement to buy cocaine from a drug dealer is

Alan lives in a beachfront home,and one morning he discovers an adult woman who has washed up on shore and is unconscious.Alan takes her into his home and administers aid to her.She awakens after a few hours but has amnesia,not knowing who she is or how she ended up washed ashore on his property.Alan cares for her for two weeks,and then her memory returns.She fell overboard while sailing with her wealthy parents on their yacht.She tells him that her name is April,and she provides him with contact information for her parents.Naturally,when Alan calls,they are ecstatic.They tell Alan that they will fly in to pick her up the next day and that he should tally up his expenses and they will reimburse him for his costs.When they arrive,Alan gives them the cost sheet,which they refuse to pay.Does Alan have any rights against the parents? Does Alan have any rights against April?

In general,contracts for the sale of goods are governed by:

A legal defense renders a contract unenforceable,even though it has the necessary elements of a valid contract.

Common law governs a contract that involves installation of computer equipment when materials are valued at $75,000 and labor is $10,000.

Randy is home when a landscaping crew enters his yard and begins working on his front garden beds and lawn.Randy did not hire the crew,but he allows them to continue working.Explain whether Randy will have to pay for the work.

Under a bilateral contract,there is no contract until the offeree performs the requested act.

All of the following are necessary elements of a contract except

A contract in which one party may disaffirm or enforce the contract is