Exam 8: Nature and Classification

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 contract is valid only if both of the parties entering into it have the capacity to do so.

One purpose of quasi contracts is to prevent unjust enrichment of one party at the expense of another.

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

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

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

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

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

Clay offers to pay Dot $50 for a golf lesson for Eula. They agree to meet the day after tomorrow to exchange the cash for the lesson. These parties have

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

Jack promises to buy Lizette's used textbook for $60. Jack is

Some promises create moral, but not legal, obligations.

Quasi contracts are often used by courts, even in cases where there is an actual contract that covers the area in controversy.

A quasi contract is not a true contract.

Opie offers to sell his guitar to Pinky for $200. Pinky agrees. They complete and sign a printed form and Pinky gives Opie a check for the price. The check is

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

In negotiations with Coastal Distribution Company, Briggs Trucking, Inc., in?sists that their contract be drafted ac?cording to certain plain language laws. These laws concern the phrasing of

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 re?fuses, claiming that they have no con?tract. Cody claims they do. What standard determines whether these parties have a contract?

The only requirement for a valid contract is that the parties voluntarily entered into it.

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