Question 1

When promissory estoppel is used by the courts,it is because there is NOT an enforceable contract present.

Accepted Answer

A) True 
 B)False  True

Question 2

Under a contract,Danielle is required to paint a room with paint chosen by the homeowners,the Flynns.After Danielle paints the room according to the contract requirements,her duties under the contract are discharged.

Accepted Answer

A) True 
 B)False  True

Question 3

Paid surrogacy contracts are viewed by the legislative majority in all states as immoral and illegal.

Accepted Answer

A) True 
 B)False  False

Question 4

Miles purchased a lawnmower with an attached warning that said,"The manufacturer is not responsible in the case of an injury caused by the lawnmower." If Miles is injured because of a defect in the mower and sues the lawnmower manufacturer,he will most likely

Accepted Answer

A) lose,as he agreed to not hold the lawnmower manufacturer liable. 
B) lose,as he assumed the risk. 
C) win,as this warning would be unenforceable. 
D) win,as all lawnmower manufacturers are strictly liable. 
A) lose,as he agreed to not hold the lawnmower manufacturer liable. 
B) lose,as he assumed the risk. 
C) win,as this warning would be unenforceable. 
D) win,as all lawnmower manufacturers are strictly liable.

Question 5

The element of a contract that states the parties must be adults of sound mind is consent.

Accepted Answer

A) True 
 B)False

Question 6

One purpose of contract law is to determine which agreements are worthy of legal enforcement.

Accepted Answer

A) True 
 B)False

Question 7

Noncompetition agreements are

Accepted Answer

A) more common today than they were in the past,although policy issues they raised in the 1700s have never gone away. 
B) now illegal,as they violate antitrust laws. 
C) infrequently litigated. 
D) relatively recent developments,first used following the Great Depression in the United States. 
A) more common today than they were in the past,although policy issues they raised in the 1700s have never gone away. 
B) now illegal,as they violate antitrust laws. 
C) infrequently litigated. 
D) relatively recent developments,first used following the Great Depression in the United States.

Question 8

ACME,Inc.is a software producer that entered into a verbal agreement with XYZ Corporation wherein XYZ agreed to buy ACME's newly developed software.The agreement also provided that ACME would supply training personnel,as well as technical personnel,to work with XYZ employees in installing and learning the software.What law governs this agreement?

Accepted Answer

You must first determine whether the con

Question 9

In a unilateral contract,one party makes a promise that the other party can accept only by actually doing something.

Accepted Answer

A) True 
 B)False

Question 10

What element of a contract refers to both parties receiving some measurable benefit?

Accepted Answer

A) consideration 
B) capacity 
C) consent 
D) legality 
A) consideration 
B) capacity 
C) consent 
D) legality

Question 11

List and briefly describe the seven key characteristics that must be present for a contract to be enforceable.

Accepted Answer

Offer.All contracts begin when a person

Question 12

One of the factors leading courts away from a laissez-faire approach to contract law was

Accepted Answer

A) the movement away from requiring written contracts with a seal affixed. 
B) a change in relative bargaining power between parties to contracts. 
C) the assumption that promises are not legally significant. 
D) the assumption that parties had freedom to contract and would have to live with the consequences. 
A) the movement away from requiring written contracts with a seal affixed. 
B) a change in relative bargaining power between parties to contracts. 
C) the assumption that promises are not legally significant. 
D) the assumption that parties had freedom to contract and would have to live with the consequences.

Question 13

Some of the elements of a contract are acceptance,consideration,legality,and capacity.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following represents a unilateral offer?

Accepted Answer

A) "I will pay you $50 if you mow my lawn." 
B) "I will pay you $50 if you promise to trim that tree." 
C) "I will pay you $50 for your CD player." 
D) "I will pay you $50 for your backpack." 
A) "I will pay you $50 if you mow my lawn." 
B) "I will pay you $50 if you promise to trim that tree." 
C) "I will pay you $50 for your CD player." 
D) "I will pay you $50 for your backpack."

Question 15

An express contract

Accepted Answer

A) must be in writing. 
B) may be inferred by the conduct of the parties involved. 
C) has both parties setting forth their intentions. 
D) is not valid in many states. 
A) must be in writing. 
B) may be inferred by the conduct of the parties involved. 
C) has both parties setting forth their intentions. 
D) is not valid in many states.

Question 16

Madison purchases several 50-pound bags of mulch at the local gardening store.An employee carries the bags of mulch to Madison's truck and loads them into the back for her.Will Article 2 of the UCC govern the contract in this situation?

Accepted Answer

A) No,this is a mixed contract because Madison is paying for both goods and labor. 
B) Yes,because the primary purpose of this contract is the sale of goods. 
C) No,this is an express contract because both parties explicitly state their intentions. 
D) Yes,because Article 2 of the UCC governs all bilateral contracts. 
A) No,this is a mixed contract because Madison is paying for both goods and labor. 
B) Yes,because the primary purpose of this contract is the sale of goods. 
C) No,this is an express contract because both parties explicitly state their intentions. 
D) Yes,because Article 2 of the UCC governs all bilateral contracts.

Question 17

As English judges were developing the common law of contracts in the twelfth and thirteenth centuries,

Accepted Answer

A) most promises were found to be enforceable. 
B) promises were found not binding unless written and sealed. 
C) the term "contract" became common. 
D) changes in the law occurred rapidly. 
A) most promises were found to be enforceable. 
B) promises were found not binding unless written and sealed. 
C) the term "contract" became common. 
D) changes in the law occurred rapidly.

Question 18

Robert offers to buy a car from Jane for $400.Jane must accept this offer in order to form an enforceable contract.

Accepted Answer

A) True 
 B)False

Question 19

Which of the following types of property would be considered "goods" under the Uniform Commercial Code?

Accepted Answer

A) a promissory note 
B) a stock 
C) a patent 
D) a computer 
A) a promissory note 
B) a stock 
C) a patent 
D) a computer

Question 20

Jerry offers to shovel the snow from Ben's driveway for $35.Ben replies "OK." This is an example of

Accepted Answer

A) an implied,unilateral contract. 
B) an express,unilateral contract. 
C) an implied,bilateral contract. 
D) an express,bilateral contract. 
A) an implied,unilateral contract. 
B) an express,unilateral contract. 
C) an implied,bilateral contract. 
D) an express,bilateral contract.

Exam 11: Introduction to Contracts

When promissory estoppel is used by the courts,it is because there is NOT an enforceable contract present.

Under a contract,Danielle is required to paint a room with paint chosen by the homeowners,the Flynns.After Danielle paints the room according to the contract requirements,her duties under the contract are discharged.

Paid surrogacy contracts are viewed by the legislative majority in all states as immoral and illegal.

Miles purchased a lawnmower with an attached warning that said,"The manufacturer is not responsible in the case of an injury caused by the lawnmower." If Miles is injured because of a defect in the mower and sues the lawnmower manufacturer,he will most likely

The element of a contract that states the parties must be adults of sound mind is consent.

One purpose of contract law is to determine which agreements are worthy of legal enforcement.

Noncompetition agreements are

In a unilateral contract,one party makes a promise that the other party can accept only by actually doing something.

What element of a contract refers to both parties receiving some measurable benefit?

List and briefly describe the seven key characteristics that must be present for a contract to be enforceable.

One of the factors leading courts away from a laissez-faire approach to contract law was

Some of the elements of a contract are acceptance,consideration,legality,and capacity.

Which of the following represents a unilateral offer?

An express contract

Madison purchases several 50-pound bags of mulch at the local gardening store.An employee carries the bags of mulch to Madison's truck and loads them into the back for her.Will Article 2 of the UCC govern the contract in this situation?

As English judges were developing the common law of contracts in the twelfth and thirteenth centuries,

Robert offers to buy a car from Jane for $400.Jane must accept this offer in order to form an enforceable contract.

Which of the following types of property would be considered "goods" under the Uniform Commercial Code?

Jerry offers to shovel the snow from Ben's driveway for $35.Ben replies "OK." This is an example of

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