Exam 9: Nature and Classification

Lana applies for a firefighter's job with Metro City, which responds with a letter setting an appointment for a medical exam. The letter also states that it is "an employment offer conditioned on the applicant passing the exam." This letter is

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

A lottery is an example of an offer for an unilateral contract.

If a voidable contract is avoided, the parties to it are released from it.

Livewire Company and McCoy's Candy, Inc., sign a document that states Livewire agrees to design a Web page for McCoy's, which agrees to pay for the service. This is

Cody signs and returns a letter from Dora, referring to her sale of the Bar-D Ranch and its price. When Cody attempts to complete the deal, Dora refuses, claiming that they have no contract. Cody claims they do. What standard determines whether these parties have a contract?

A contract can be executed on one side and executory on the other.

Peter offers to pay Quik Delivery (QD) $50 if it picks up and delivers to him a package of business documents from Rico within thirty minutes. QD can accept the offer only by meeting the deadline. If QD performs as directed, these parties will have

Some promises create moral, but not legal, obligations.

If a contractual promise is not fulfilled, the person who made it may be required to perform the promised act.

An express contract does not need to be in writing.

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

An executed contract is one that has been fully performed by both parties.

The term consideration refers to the voluntary consent of all of the parties to a contract.

A quasi contract is not a true contract.

Kathryn signs a lease agreement for an apartment. Kathryn has entered into a(n)

Tania promises to buy Saki's handheld video game-player for $40. Saki is

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

Demi promises to buy a house from Caleb, who promises to vacate the property on June 1. If these promises are in writing, they are most likely

An offer to form a bilateral contract is accepted only by promising to perform the contract performance.