Question 1

Jim tells Dana that he will take her out to lunch on Thursday. Jim has made Dana a

Accepted Answer

A)  prediction. 
B)  promise. 
C)  bilateral contract. 
D)  void contract. 
A)  prediction. 
B)  promise. 
C)  bilateral contract. 
D)  void contract. B

Question 2

Informal contracts require a special form or method of creation.

Accepted Answer

A) True 
 B)False  False

Question 3

A void contract is enforceable if it is in writing.

Accepted Answer

A) True 
 B)False  False

Question 4

A contract is an agreement that can be enforced in court.

Accepted Answer

A) True 
 B)False

Question 5

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

Accepted Answer

A) True 
 B)False

Question 6

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 ac?cept the offer only by meeting the deadline. If QD performs as directed, these parties will have

Accepted Answer

A)  a bilateral contract. 
B)  a trilateral contract. 
C)  a unilateral contract. 
D)  no contract. 
A)  a bilateral contract. 
B)  a trilateral contract. 
C)  a unilateral contract. 
D)  no contract.

Question 7

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

Accepted Answer

A)  a bilateral contract that Lana accepted by applying for the job. 
B)  a quasi contract on which Lana can rely for employment. 
C)  a unilateral contract that Lana can accept by passing the exam. 
D)  no contract. 
A)  a bilateral contract that Lana accepted by applying for the job. 
B)  a quasi contract on which Lana can rely for employment. 
C)  a unilateral contract that Lana can accept by passing the exam. 
D)  no contract.

Question 8

Ed, a businessperson, is a friend of Fran, the owner of a Percolated Coffee & Baked Goods store. Every day, Ed spends five minutes in Fran's store, looking at the goods and usually buying one or two cinnamon buns or bagels. One afternoon, Ed goes into the store, looks at the items, and picks up a $1 chocolate brownie. Ed waves the brownie at Fran without saying a word and walks out. Is there a con?tract? If so, how would it be classified in terms of formation, perform?ance, and enforceability?

Accepted Answer

The facts presented here indicate the pr

Question 9

In contract law, intent is determined by the objective theory of contracts.

Accepted Answer

A) True 
 B)False

Question 10

A quasi contract is not enforceable by a court.

Accepted Answer

A) True 
 B)False

Question 11

Every contract involves at least two parties.

Accepted Answer

A) True 
 B)False

Question 12

Kelly tells Jimmy she will pay him $1,000 if he builds a shed in her backyard. Kelly is a(n)

Accepted Answer

A)  offeree. 
B)  offeror. 
C)  promisee. 
D)  contractor. 
A)  offeree. 
B)  offeror. 
C)  promisee. 
D)  contractor.

Question 13

An otherwise valid contract may be unenforceable if it is not in writing.

Accepted Answer

A) True 
 B)False

Question 14

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

Accepted Answer

A)  the parties' intent as expressed in their contract. 
B)  what the defendant claims was the parties' intent. 
C)  what the plaintiff claims was the parties' intent. 
D)  what the parties agree they intended. 
A)  the parties' intent as expressed in their contract. 
B)  what the defendant claims was the parties' intent. 
C)  what the plaintiff claims was the parties' intent. 
D)  what the parties agree they intended.

Question 15

On behalf of the rock group Uno, their manager Thalia agrees to a performance in Seaside Amphitheater on July 4. Rex, acting for Seaside, sends a written copy of the agreement to Thalia to be signed. If Thalia signs the copy, the parties will have

Accepted Answer

A)  an express contract. 
B)  an implied contract. 
C)  an implied-in-law contract. 
D)  no contract. 
A)  an express contract. 
B)  an implied contract. 
C)  an implied-in-law contract. 
D)  no contract.

Question 16

An express contract does not need to be in writing.

Accepted Answer

A) True 
 B)False

Question 17

The intention to enter into a con?tract is judged by objective facts as interpreted by a reasonable person.

Accepted Answer

A) True 
 B)False

Question 18

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

Accepted Answer

A)  do nothing. 
B)  make another promise. 
C)  pay monetary damages. 
D)  perform a different service. 
A)  do nothing. 
B)  make another promise. 
C)  pay monetary damages. 
D)  perform a different service.

Question 19

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

Accepted Answer

A) True 
 B)False

Question 20

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

Accepted Answer

A)  express contract. 
B)  implied contract. 
C)  quasi contract. 
D)  unenforceable contract. 
A)  express contract. 
B)  implied contract. 
C)  quasi contract. 
D)  unenforceable contract.

Exam 8: Nature and Classification

Jim tells Dana that he will take her out to lunch on Thursday. Jim has made Dana a

Informal contracts require a special form or method of creation.

A void contract is enforceable if it is in writing.

A contract is an agreement that can be enforced in court.

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

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 ac?cept the offer only by meeting the deadline. If QD performs as directed, these parties will have

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

In contract law, intent is determined by the objective theory of contracts.

A quasi contract is not enforceable by a court.

Every contract involves at least two parties.

Kelly tells Jimmy she will pay him $1,000 if he builds a shed in her backyard. Kelly is a(n)

An otherwise valid contract may be unenforceable if it is not in writing.

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

On behalf of the rock group Uno, their manager Thalia agrees to a performance in Seaside Amphitheater on July 4. Rex, acting for Seaside, sends a written copy of the agreement to Thalia to be signed. If Thalia signs the copy, the parties will have

An express contract does not need to be in writing.

The intention to enter into a con?tract is judged by objective facts as interpreted by a reasonable person.

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

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

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

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