Question 1

A term making a contract conditional on future events is known as ________.

Accepted Answer

The answer of A term making a contract conditional on...

Question 2

Which of the following would best satisfy the requirements for a good legal offer?

Accepted Answer

A) "I'll pay you at least $300 for your horse,Blackie,and even more if the horse is lucky." 
B) "I'll drive you to Seattle on Saturday." 
C) "The purchaser will pay $1000 for one of the seller's laser printers,the exact model to be determined at a later date." 
D) "I'll give you $1 for your new green bike." 
E) On a flyer placed on your windshield):"We have the best offer in town! A mint 1956 Chevrolet for $20,000." 
A) "I'll pay you at least $300 for your horse,Blackie,and even more if the horse is lucky." 
B) "I'll drive you to Seattle on Saturday." 
C) "The purchaser will pay $1000 for one of the seller's laser printers,the exact model to be determined at a later date." 
D) "I'll give you $1 for your new green bike." 
E) On a flyer placed on your windshield):"We have the best offer in town! A mint 1956 Chevrolet for $20,000."

Question 3

Several courts have refused to enforce electronic contracts when the terms have been found to be unreasonable.

Accepted Answer

A) True 
 B)False

Question 4

On Friday,Harlan offers to sell Lily his motorcycle for $1000.When Lily hesitates,Harlan tells her to take her time deciding,promising her he will give her the weekend to make up her mind.On Saturday,Harlan runs into Lily at the mall and informs her he has sold the bike to Angie instead.What recourse does Lily have?

Accepted Answer

Lily is out of luck.Harlan's promise to

Question 5

Although the contract called for the delivery of three manuals,the writer had put so much effort into the first two that the buyer agreed to pay the whole contract price,$3000,for the two instead of the three manuals.Which of the following stops the buyer from later suing the writer for breach of contract and demanding the completion of the third manual?

Accepted Answer

A) Doctrine of quantum meruit 
B) No consideration given by the writer 
C) Promissory (equitable)estoppel 
D) He only has to pay a reasonable price for the work done. 
E) He doesn't have to pay anything because the job was not completed,and so he can even get back what he paid. 
A) Doctrine of quantum meruit 
B) No consideration given by the writer 
C) Promissory (equitable)estoppel 
D) He only has to pay a reasonable price for the work done. 
E) He doesn't have to pay anything because the job was not completed,and so he can even get back what he paid.

Question 6

Which of the following statements regarding online transactions is false?

Accepted Answer

A) Conducting transactions online negates the need to satisfy the normal requirements of a contract. 
B) It is unlikely that the courts will extend the postbox rule to apply to online transactions. 
C) Legislation has been passed in some jurisdictions to make electronic documents equivalent to written ones. 
D) Reasonableness of terms can affect the enforceability of electronic contracts. 
E) Clicking an "I Accept" button may constitute valid acceptance of the terms of an agreement. 
A) Conducting transactions online negates the need to satisfy the normal requirements of a contract. 
B) It is unlikely that the courts will extend the postbox rule to apply to online transactions. 
C) Legislation has been passed in some jurisdictions to make electronic documents equivalent to written ones. 
D) Reasonableness of terms can affect the enforceability of electronic contracts. 
E) Clicking an "I Accept" button may constitute valid acceptance of the terms of an agreement.

Question 7

Traditional contract rules only apply to written contracts but not Internet transactions.

Accepted Answer

A) True 
 B)False

Question 8

Jed,who lived on Cape Breton Island,needed money for a trip to France.He decided to sell his electric guitar.On Monday,October 29,he called the owner of a music store in Halifax and offered to sell his Fender Stratocaster guitar for $1800,the offer to be open until Friday noon,November 2.Jed told the store owner to send a letter of acceptance since he (Jed)would be away for a few days.The store owner examined his inventory and mailed a letter of acceptance on Thursday,November 1.When Jed returned home on Saturday,November 3,the letter had not yet arrived,so that afternoon he sold the guitar to a music teacher in his town.The store owner in Halifax sued for breach of contract.Which of the following is true?

Accepted Answer

A) Sending a letter by mail was not a reasonable method of acceptance. 
B) The offer lapsed before the store owner accepted. 
C) The offer was revoked before the store owner accepted. 
D) The letter of acceptance was effective when it was received,and by then Jed had sold the guitar,so there was no contract. 
E) The acceptance was effective before the offer lapsed,so there was a contract between Jed and the store owner. 
A) Sending a letter by mail was not a reasonable method of acceptance. 
B) The offer lapsed before the store owner accepted. 
C) The offer was revoked before the store owner accepted. 
D) The letter of acceptance was effective when it was received,and by then Jed had sold the guitar,so there was no contract. 
E) The acceptance was effective before the offer lapsed,so there was a contract between Jed and the store owner.

Question 9

The objective,in Canada,of the Uniform Electronic Commerce Act (UECA)is primarily

Accepted Answer

A) to define what constitutes a violation of privacy. 
B) to restrict Internet gambling. 
C) to make electronic documents and signatures as binding on parties as written ones. 
D) to provide a series of remedies for Internet commerce retail abuses,primarily from "offshore" enterprises. 
E) to restrict Internet pornography. 
A) to define what constitutes a violation of privacy. 
B) to restrict Internet gambling. 
C) to make electronic documents and signatures as binding on parties as written ones. 
D) to provide a series of remedies for Internet commerce retail abuses,primarily from "offshore" enterprises. 
E) to restrict Internet pornography.

Question 10

"Quantum meruit" means

Accepted Answer

A) "a shield but not a sword." 
B) "a meeting of the minds." 
C) "as much as deserved." 
D) "the ultimate freedom to contract." 
E) "to stand on decision." 
A) "a shield but not a sword." 
B) "a meeting of the minds." 
C) "as much as deserved." 
D) "the ultimate freedom to contract." 
E) "to stand on decision."

Question 11

Joe offered to sell Harry his car for $500,but Harry said he needed some time to think about it.A couple of days later,Harry phoned back saying that he'd give Joe $450 for the car.Joe refused to take this.Then Harry said,"All right,I'll accept your offer for $500." Joe said that he'd changed his mind and refused to go through with the deal.Harry sued.Explain Joe's legal liability.

Accepted Answer

In this case,when Harry said he'd give J

Question 12

Distinguish between a void and a voidable contract.

Accepted Answer

A void contract never was a contract and

Question 13

Many jurisdictions have passed legislation providing that when a creditor has agreed to take less in full satisfaction of a debt,and has actually received the lesser sum,the creditor is not bound by the agreement and can sue for the difference.

Accepted Answer

A) True 
 B)False

Question 14

The promise of "love and affection" can constitute adequate consideration to support a contract.

Accepted Answer

A) True 
 B)False

Question 15

Joe offered to sell Harry his car and agreed to hold the offer open for one week,expiring Saturday at noon.The Sunday after the offer was said to have expired,Harry phoned Joe to tell him that he decided to accept his offer and purchase his car.Joe said at that time that he had decided to keep the car and was just about to phone Harry to revoke the offer.Harry said,"Too bad," and demanded performance of the contract.Explain the legal responsibilities of the parties.

Accepted Answer

There is no contract.The offer

Question 16

Indicate which of the following statements is correct about the effect of promissory estoppel on a promisor.

Accepted Answer

A) Promissory estoppel has no effect on a promisor because it only relates to statements of fact,not promises. 
B) Promissory estoppel must be distinguished from equitable estoppel. 
C) Promissory estoppel can be used as a defence only against a promisor who reneges on his promise. 
D) Promissory estoppel is known as injurious reliance in the United States and has the same effect in both American and Canadian law. 
E) When a victim relies on the promise and suffers injury,he can sue the promisor for compensation even where no consideration has been given in return for that promise. 
A) Promissory estoppel has no effect on a promisor because it only relates to statements of fact,not promises. 
B) Promissory estoppel must be distinguished from equitable estoppel. 
C) Promissory estoppel can be used as a defence only against a promisor who reneges on his promise. 
D) Promissory estoppel is known as injurious reliance in the United States and has the same effect in both American and Canadian law. 
E) When a victim relies on the promise and suffers injury,he can sue the promisor for compensation even where no consideration has been given in return for that promise.

Question 17

Joe owed Sam $500.Two days before the money was due,he came to Sam and told him he couldn't pay the $500,but if Sam would accept $300 right then,in full satisfaction of the debt,he would pay him that amount.Sam agreed,then later sued for the other $200.Will he win?

Accepted Answer

Sam would lose.He received pay

Question 18

Discuss the federal Uniform Electronic Commerce Act (UECA).

Accepted Answer

The UECA has no legal standing but it se

Question 19

All of the essential terms of a contract must be clearly specified.

Accepted Answer

A) True 
 B)False

Question 20

Distinguish between a formal and a simple contract.

Accepted Answer

A formal contract is under sea

A term making a contract conditional on future events is known as ________.

Which of the following would best satisfy the requirements for a good legal offer?

Several courts have refused to enforce electronic contracts when the terms have been found to be unreasonable.

Which of the following statements regarding online transactions is false?

Traditional contract rules only apply to written contracts but not Internet transactions.

The objective,in Canada,of the Uniform Electronic Commerce Act (UECA)is primarily

"Quantum meruit" means

Distinguish between a void and a voidable contract.

Many jurisdictions have passed legislation providing that when a creditor has agreed to take less in full satisfaction of a debt,and has actually received the lesser sum,the creditor is not bound by the agreement and can sue for the difference.

The promise of "love and affection" can constitute adequate consideration to support a contract.

Indicate which of the following statements is correct about the effect of promissory estoppel on a promisor.

Joe owed Sam $500.Two days before the money was due,he came to Sam and told him he couldn't pay the $500,but if Sam would accept $300 right then,in full satisfaction of the debt,he would pay him that amount.Sam agreed,then later sued for the other $200.Will he win?

Discuss the federal Uniform Electronic Commerce Act (UECA).

All of the essential terms of a contract must be clearly specified.

Distinguish between a formal and a simple contract.

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputes: The Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence,Professional Liability,and Insurance

The Elements of a Contract: Capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Agency and Partnership

Corporations

Employment

Intellectual Property

Real and Personal Property and Protection of the Environment

Priority of Creditors

Sales and Consumer Protection

Filters

Exam 6: The Elements of a Contract: Consensus and Consideration

A term making a contract conditional on future events is known as ________.

Which of the following would best satisfy the requirements for a good legal offer?

Several courts have refused to enforce electronic contracts when the terms have been found to be unreasonable.

Which of the following statements regarding online transactions is false?

Traditional contract rules only apply to written contracts but not Internet transactions.

The objective,in Canada,of the Uniform Electronic Commerce Act (UECA)is primarily

"Quantum meruit" means

Distinguish between a void and a voidable contract.

Many jurisdictions have passed legislation providing that when a creditor has agreed to take less in full satisfaction of a debt,and has actually received the lesser sum,the creditor is not bound by the agreement and can sue for the difference.

The promise of "love and affection" can constitute adequate consideration to support a contract.

Indicate which of the following statements is correct about the effect of promissory estoppel on a promisor.

Joe owed Sam $500.Two days before the money was due,he came to Sam and told him he couldn't pay the $500,but if Sam would accept $300 right then,in full satisfaction of the debt,he would pay him that amount.Sam agreed,then later sued for the other $200.Will he win?

Discuss the federal Uniform Electronic Commerce Act (UECA).

All of the essential terms of a contract must be clearly specified.

Distinguish between a formal and a simple contract.

Managing Your Legal Affairs

Introduction to the Legal System

The Resolution of Disputes: The Courts and Alternatives to Litigation

Intentional Torts and Torts Impacting Business

Negligence,Professional Liability,and Insurance

The Elements of a Contract: Capacity, Legality, and Intention

Factors Affecting the Contractual Relationship

The End of the Contractual Relationship

Agency and Partnership

Corporations

Employment

Intellectual Property

Real and Personal Property and Protection of the Environment

Priority of Creditors

Sales and Consumer Protection

Filters