Question 1

A revocation of an offer is effective only when it has been communicated to the offeree.

Accepted Answer

A) True 
 B)False

Question 2

When the postbox rule applies,the place of mailing of the acceptance may determine the place of the contract.

Accepted Answer

A) True 
 B)False

Question 3

You owe Mr.Store $900 for goods received and want him to take $800 in full satisfaction of the debt.Which of the following is false?

Accepted Answer

A) If he agrees with you and does take the $800,even if it is paid early at his request,he can still later sue you for the $100 forgiven.His promise not to demand the $100 from you was a gratuitous promise and therefore not binding. 
B) If he actually takes the $800 in full satisfaction of the debt,statute law in many jurisdictions prohibits him from suing you for the $100. 
C) If you pay the $800 before the actual due date in consideration for his taking this as full payment,he cannot sue for the other $100. 
D) If Mr.Store agreed to take the $800 as full payment in exchange for your promise to sweep the floor of his store,he cannot sue for the $100. 
E) If Mr.Store agreed to take the $800 as full payment,but before taking it changed his mind,he would be entitled to the entire $900. 
A) If he agrees with you and does take the $800,even if it is paid early at his request,he can still later sue you for the $100 forgiven.His promise not to demand the $100 from you was a gratuitous promise and therefore not binding. 
B) If he actually takes the $800 in full satisfaction of the debt,statute law in many jurisdictions prohibits him from suing you for the $100. 
C) If you pay the $800 before the actual due date in consideration for his taking this as full payment,he cannot sue for the other $100. 
D) If Mr.Store agreed to take the $800 as full payment in exchange for your promise to sweep the floor of his store,he cannot sue for the $100. 
E) If Mr.Store agreed to take the $800 as full payment,but before taking it changed his mind,he would be entitled to the entire $900.

Question 4

Joe offered to sell Harry his car for a specific price and Harry indicated that he needed some time to think about it.Two days later,Joe sold the car to a third party.That afternoon Harry phoned Joe and told Joe that he had decided to accept the offer and that he'd buy the car.Joe told him that it was too late; he had sold it to someone else.Harry said that it was offered to him first,and he insisted that he go through with the contract.Explain the legal liability of the parties.

Accepted Answer

This is a binding contract,assuming that

Question 5

An agreement for the purchase and sale of property included the following words: "Subject to the purchaser obtaining satisfactory financing by 5 p.m.on Friday,February 22,2016." If the court held that this subject-to clause was so vague that "the entire contract was void for uncertainty," this would mean that

Accepted Answer

A) the contract was in existence but could not be enforced. 
B) the contract was in existence but one party has the right to repudiate the contract. 
C) the contract was never in existence. 
D) the contract is in existence but the court will not do anything to help the parties. 
E) the court will impose a reasonable alternative for the term in question. 
A) the contract was in existence but could not be enforced. 
B) the contract was in existence but one party has the right to repudiate the contract. 
C) the contract was never in existence. 
D) the contract is in existence but the court will not do anything to help the parties. 
E) the court will impose a reasonable alternative for the term in question.

Question 6

"One of the basic precepts in contract law is that any bargain struck must be fair to be enforceable." Explain the accuracy of that statement.

Accepted Answer

It's only necessary that the c

Question 7

Bob in Burnaby called Ed in Toronto and offered to sell him 40 kilograms of smoked salmon at $15 per kilogram.He requested that Ed phone him back by noon the next day.That way,Bob could offer it to someone else if Ed wasn't interested.Instead of phoning,Ed sent a letter of acceptance,in which he said that he would have his agent pick up the fish.On these facts,which of the following is false?

Accepted Answer

A) If using the mail was unreasonable,the acceptance could not be effective until it was received. 
B) If using the mail was unreasonable,the acceptance was effective when it was mailed. 
C) The place of formation of the contract,if there was one,was Burnaby if the use of the mails was unreasonable. 
D) The place of formation of the contract,if there was one,was Toronto if the use of the mails was reasonable. 
E) Although a response by phone was requested,a response by mail would be effective if received before noon the next day. 
A) If using the mail was unreasonable,the acceptance could not be effective until it was received. 
B) If using the mail was unreasonable,the acceptance was effective when it was mailed. 
C) The place of formation of the contract,if there was one,was Burnaby if the use of the mails was unreasonable. 
D) The place of formation of the contract,if there was one,was Toronto if the use of the mails was reasonable. 
E) Although a response by phone was requested,a response by mail would be effective if received before noon the next day.

Question 8

Which of the following could not be used as consideration?

Accepted Answer

A) A kilogram of green beans 
B) 50 cents 
C) A promise to deliver three tons of steel 
D) A promise to give up a legal right 
E) Work that was done in the past 
A) A kilogram of green beans 
B) 50 cents 
C) A promise to deliver three tons of steel 
D) A promise to give up a legal right 
E) Work that was done in the past

Question 9

Mary received an unsolicited selection of CDs in the mail with a letter informing her that she was now a member of the CD of the Month Club.It also said that if she didn't want these CDs,she could simply send them back.Otherwise,she would be billed $10 for each CD at the end of the month.She simply put them away,and did not respond.They continued to send her more CDs each month until she had received 100 of them over a period of 10 months.The club then sent her a letter demanding payment or they would take legal action.Explain her legal obligation in these circumstances.

Accepted Answer

There is no contract under these circums

Question 10

Joe offered to sell Harry his car for $500.Harry responded by saying,"I accept,providing you install a new radio in that car." Explain the legal relationship between the two parties.

Accepted Answer

This is not a contract.The acc

Question 11

A one-sided promise the courts will not enforce is known as ________.

Accepted Answer

a gratuito

Question 12

Which of the following is an example of a unilateral contract?

Accepted Answer

A) Joe agrees to paint Sam's house for $500. 
B) Joe pays $50 for groceries at a grocery store. 
C) C returns a lost dog and claims the $50 reward. 
D) Joe promises to give Harry his old boat when he gets his new one. 
E) Sam orders a meal in a restaurant. 
A) Joe agrees to paint Sam's house for $500. 
B) Joe pays $50 for groceries at a grocery store. 
C) C returns a lost dog and claims the $50 reward. 
D) Joe promises to give Harry his old boat when he gets his new one. 
E) Sam orders a meal in a restaurant.

Question 13

To what does a "standard form contract" refer?

Accepted Answer

To a contract with f

Question 14

Canada's Uniform Electronic Commerce Act creates rights and obligations with respect to electronic commerce transactions within Canada.

Accepted Answer

A) True 
 B)False

Question 15

If you pay $1000 for a 90-day option on property offered to you at $200,000,which of the following is true?

Accepted Answer

A) You have bought a 90-day period of time within which you may or may not accept the offer of the land. 
B) With the signing of the option agreement,you have entered into two contracts-a contract for time and another for land. 
C) You have agreed that you will accept the offer of land within the 90-day period. 
D) If you do not exercise the option,you can get your $1000 back. 
E) The seller of the land can revoke the offer of the land any time before acceptance. 
A) You have bought a 90-day period of time within which you may or may not accept the offer of the land. 
B) With the signing of the option agreement,you have entered into two contracts-a contract for time and another for land. 
C) You have agreed that you will accept the offer of land within the 90-day period. 
D) If you do not exercise the option,you can get your $1000 back. 
E) The seller of the land can revoke the offer of the land any time before acceptance.

Question 16

There is a principle that says when a gratuitous promise to do something in the future causes someone to incur an expense,the promisor may be liable for failing to live up to that promise.What is this principle known as?

Accepted Answer

The answer of There is a principle that says when...

Question 17

The postbox rule makes it clear that,when people choose to communicate by mail,they take the risk of delay or loss,and the acceptance as a result will be binding only when or if received.

Accepted Answer

A) True 
 B)False

Question 18

Which of the following shows accurate use of the doctrine of promissory (equitable)estoppel?

Accepted Answer

A) George told Hans that he would give him his printer.If he doesn't,Hans could use the doctrine to force him to do so. 
B) George wants to force Elaine to honour her promise to pay him $2.After he paid for a video they watched,she was so moved by the movie she said she would pay half the cost. 
C) This doctrine can be used by a plaintiff to endorse a written promise signed and sealed (i.e.,a seal has been affixed next to the signature of the promisor). 
D) Lee,a defendant,can use this doctrine as a defence against a plaintiff insisting on his full legal right when he had promised to forgive Lee some of Lee's legal obligation and Lee relied on that promise. 
E) If Lam requests services from Jones and there is no mention of price,if Lam doesn't pay Jones,this doctrine can be used to force Lam to pay a reasonable amount. 
A) George told Hans that he would give him his printer.If he doesn't,Hans could use the doctrine to force him to do so. 
B) George wants to force Elaine to honour her promise to pay him $2.After he paid for a video they watched,she was so moved by the movie she said she would pay half the cost. 
C) This doctrine can be used by a plaintiff to endorse a written promise signed and sealed (i.e.,a seal has been affixed next to the signature of the promisor). 
D) Lee,a defendant,can use this doctrine as a defence against a plaintiff insisting on his full legal right when he had promised to forgive Lee some of Lee's legal obligation and Lee relied on that promise. 
E) If Lam requests services from Jones and there is no mention of price,if Lam doesn't pay Jones,this doctrine can be used to force Lam to pay a reasonable amount.

Question 19

Which of the following is not correct with respect to the adequacy of consideration?

Accepted Answer

A) Must be of some value and love and affection are not enough 
B) Need not be present if the agreement is under seal 
C) Need not be fair,unless there are extenuating circumstances (i.e.,insanity or fraud) 
D) Need not be legal if both parties clearly consent 
E) Existing duty: a change in the contract requires new consideration 
A) Must be of some value and love and affection are not enough 
B) Need not be present if the agreement is under seal 
C) Need not be fair,unless there are extenuating circumstances (i.e.,insanity or fraud) 
D) Need not be legal if both parties clearly consent 
E) Existing duty: a change in the contract requires new consideration

Question 20

For the postbox rule to apply,the offer must be made by mail.

Accepted Answer

A) True 
 B)False

A revocation of an offer is effective only when it has been communicated to the offeree.

When the postbox rule applies,the place of mailing of the acceptance may determine the place of the contract.

You owe Mr.Store $900 for goods received and want him to take $800 in full satisfaction of the debt.Which of the following is false?

"One of the basic precepts in contract law is that any bargain struck must be fair to be enforceable." Explain the accuracy of that statement.

Which of the following could not be used as consideration?

Joe offered to sell Harry his car for $500.Harry responded by saying,"I accept,providing you install a new radio in that car." Explain the legal relationship between the two parties.

A one-sided promise the courts will not enforce is known as ________.

Which of the following is an example of a unilateral contract?

To what does a "standard form contract" refer?

Canada's Uniform Electronic Commerce Act creates rights and obligations with respect to electronic commerce transactions within Canada.

If you pay $1000 for a 90-day option on property offered to you at $200,000,which of the following is true?

There is a principle that says when a gratuitous promise to do something in the future causes someone to incur an expense,the promisor may be liable for failing to live up to that promise.What is this principle known as?

The postbox rule makes it clear that,when people choose to communicate by mail,they take the risk of delay or loss,and the acceptance as a result will be binding only when or if received.

Which of the following shows accurate use of the doctrine of promissory (equitable)estoppel?

Which of the following is not correct with respect to the adequacy of consideration?

For the postbox rule to apply,the offer must be made by mail.

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 revocation of an offer is effective only when it has been communicated to the offeree.

When the postbox rule applies,the place of mailing of the acceptance may determine the place of the contract.

You owe Mr.Store $900 for goods received and want him to take $800 in full satisfaction of the debt.Which of the following is false?

"One of the basic precepts in contract law is that any bargain struck must be fair to be enforceable." Explain the accuracy of that statement.

Which of the following could not be used as consideration?

Joe offered to sell Harry his car for $500.Harry responded by saying,"I accept,providing you install a new radio in that car." Explain the legal relationship between the two parties.

A one-sided promise the courts will not enforce is known as ________.

Which of the following is an example of a unilateral contract?

To what does a "standard form contract" refer?

Canada's Uniform Electronic Commerce Act creates rights and obligations with respect to electronic commerce transactions within Canada.

If you pay $1000 for a 90-day option on property offered to you at $200,000,which of the following is true?

There is a principle that says when a gratuitous promise to do something in the future causes someone to incur an expense,the promisor may be liable for failing to live up to that promise.What is this principle known as?

The postbox rule makes it clear that,when people choose to communicate by mail,they take the risk of delay or loss,and the acceptance as a result will be binding only when or if received.

Which of the following shows accurate use of the doctrine of promissory (equitable)estoppel?

Which of the following is not correct with respect to the adequacy of consideration?

For the postbox rule to apply,the offer must be made by mail.

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