Exam 9: Nature and Classification

Avatar,Inc.,and Bling Corporation sign a contract in which Avatar agrees to deliver t-shirts emblazoned with video game characters in exchange for Bling's promise to pay.Avatar delivers.The contract is

One of the requirements of a valid contract is a fair price.

InTown Delivery Service promises to deliver a certain couch to Kurt,who promises to pay for the service.If InTown does not perform,the firm may be required to

An executory contract is one that has been fully performed.

A contract cannot be void if its purpose is legal.

Employment Sources,Inc.,enters into a contract with Fred.If Fred is a minor,this contract is most likely

Lou claims that he and Myra entered into an implied-in-fact contract.To establish this contract,it is not necessary to show that

An offeror is a person who makes an offer.

Debit & Credit Accounting Services and Brickwork Construction Company negotiate a contract.Terms in the contract that are the subject of separate negotiation will be considered subordinate to

There are no exceptions to the rule that contracts voluntarily entered into will be enforced.

Informal contracts are usually based on substance rather than form.

Vernon claims that his contract with Ulani is voidable.If their contract is avoided

Cole drives into Dino's Service Station and asks Erin,the attendant,to fill the tank in Cole's hybrid vehicle.After Erin fills the tank,but before Cole pays for the gas,any contract between Cole and Dino's is

Contract law shows what excuses our society accepts for breaking certain types of promises.

When Jeff's car breaks down,he asks Kwik Tow,Inc.,to tow it from its location to Loyal Repair Shop.There is no discussion of a price,and Jeff and Kwik do not sign any documents.After the tow,Kwik sends Jeff a bill.With respect to Jeff's obligation to pay the bill,this is

Phil enters into a contract with Vacation Resorts,Inc.,to work as a chef.Under the plain meaning rule,the meaning of this contract must be determined by reference to

Mona asserts that a contract she entered into with Nate is unenforceable.Defenses to the enforcement of a contract include

Holiday Sales Company and Global Distributors,Inc.,enter into an express contract for the delivery of imported specialty goods.Express contract terms are given

The doctrine of quasi contract applies only if there is an actual contract.

Resolving whether a promise should be enforced is the essence of contract law.