Exam 8: Introduction to Contracts

When Jeff's car breaks down,he asks Insta-Tow,Inc.,to tow it to Huey's Repair Shop.There is no discussion of a price,and Jeff and Insta-Tow do not sign any documents.Later,Insta-Tow sends Jeff a bill.With respect to Jeff's obligation to pay the bill,this is

A quasi contract arises from a mutual agreement between two parties.

Which of the following is NOT a true contract?

Livewire Company and McCoy's Candy,Inc.,sign a document that states Livewire agrees to design a We

Which of the following is NOT enforceable by a court?

Cynthia tells Darryl that she will deliver his boxes of Paradise Cookies as he directs.A declaration that one will do something in the future is part of the defini?tion of

Scot and Tiffany enter into an implied contract.The parties' conduct

Phil agrees to work for Vacation Resorts,Inc.,as a chef.In determining whether a contract has been formed,an element of prime importance is

The element of intent is not very important in determining whether a contract has been formed.

An implied contract is implied from the conduct of the parties.

A voidable contract is a valid contract that can be avoided at the option of at least one of the parties to it.

A unilateral contract is formed when the one receiving the offer com?pletes the re?quested act or performance.

Flo tells Ginger during a phone call that she will buy her textbook from last semester for $65.Ginger agrees.These parties have

An agreement is NOT one of the requirements of a valid contract.

An offeree is a person who makes an offer.

Following negotiations with Coastal Distribution Company,Briggs Trucking,Inc.,enters into an informal contract.This means that the parties' contract

Bobbie claims that Carly breached their contract.Carly responds that she never intended to enter into a contract with Bobbie.The intent to enter into a contract is determined with reference to

Wilson buys a lottery ticket at his local gas station.Wilson has accepted an offer for a

Cory believes that he and Dian agreed that he would act as her personal sports trainer for seven workout sessions.In a later dispute,the existence of any contract can be judged by

Contract law assures the parties to private agreements that the promises they make will be enforceable.