Exam 9: Contract Formation

On behalf of the jazz group Synco-Passion,their manager Raul agrees to a performance in the Quay Club on May 1.Portia,acting for Quay Club,sends a written copy of the agreement to Raul to be signed.Typically,businesspersons put their contracts in writing to

No offer may be revoked before it is accepted.

An incidental third party beneficiary can sue to enforce the contract.

An acceptance subject to new conditions implicitly rejects the offer.

A unilateral is a promise for an act.

A statement of future intent-"I plan to sell my 700-pound sow"-is an offer.

Lyra induces Moe to enter into a contract for the sale of an apartment about which Lyra fraudulently misrepresents a number of material facts.Lyra tells Moe that her commission is 6 percent,but their signed,written contract states "12 percent." The Statute of Frauds governs

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

Tomato Farms (TF)offers to sell Unified Grocers,Inc. ,a boxcar load of tomatoes.The offer is sent via overnight delivery because an acceptance is required urgently.It would be most reasonable for Unified to accept via

An agreement is evidenced by a single event: an offer.

A contract is void if one of the parties was intoxicated at the time of its formation.

Yvon asks Zach,"Do you want to buy one of my fishing rods" This is

In contract law,"consideration" refers to the courtesy that one party shows another in negotiating a deal.

Danton,a popular performer,dies.His spouse Caitlin sells their house to Buck.Unknown to Caitlin or Buck,in one of the closets is the master recording of an unreleased album.With respect to this recording,Buck can

Sylvia creates a profile for Today's Date,Inc. ,an online dating service.She exaggerates her appealing features and posts a photo of her friend Uva,whom Sylvia thinks is prettier.Enticed by the profile,Van subscribes to the service so that he can contact Sylvia.Van is most likely a victim of

Jenna,a minor acting on her own,signs a contract to buy a horse and its tack from Field Equine Ranch.Later,after taking possession of the horse and tack,Jenna disaffirms the deal.She

A contract involving property of any kind must be in writing to be enforceable.

Grant offers to sell his Honda Civic for $10,000 to Ivy.Referring to the prices for similar Hondas,Ivy says,"I'll pay no more than $5,000." Grant says,"Forget it." Grant's offer was terminated by

A contract to do something that is prohibited by statutory law is void.

Forcing someone to enter into a contract through fear created by threats is duress.