Exam 10: A: Nature and Terminology

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

On behalf of the rock group Uno,their manager Thalia agrees to a performance in Seaside Amphitheatre 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

Jack promises to buy Kelly's computer for $400.Jack is

An offer to form a unilateral contract is accepted by a promise to perform.

Digital Architecture,Inc. ,agrees to design robotic software for equipment owned by Chassis Assembly Corporation.Whether or not this agreement meets all of the requirements of a contract,the parties are most likely to follow the rules of contract law because they

Courtney promises to buy illegal digital copies of music and movies from Devin,who promises to deliver on August 15.These promises are most likely

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

Dot,a real estate agent,tells Elbert,a home seller,that her commission is 12 percent.Elbert agrees that Dot can sell his house but refuses to sign a contract unless the amount of the commission is reduced.After Dot sells the house,Elbert refuses to pay 12 percent.Dot is most likely to recover

Paco offers to pay Quik Delivery (QD)$50 if it picks up and delivers to him a package from Rich within 30 minutes.QD can ac?cept the offer only by meeting the deadline.If QD performs as directed,these parties will have

A party's intent to enter into a contract is judged by their personal,subjective intent or belief.

Contract law provides stability and predictability for buyers and sellers.

Viola assures Wendell that she will deliver a truckload of pine seedlings to his tree farm.A person's manifestation of an intent to act in a specified way is part of the defini?tion of

Stu makes an offer to Tina to enter into a contract.Tina accepts the offer.A valid contract requires

An agreement between Pinnacle Oil Company and Omega Refinery,Inc. ,requires Omega's bank to pay Pinnacle on receipt of invoices and bills of lading.This letter of credit is

When the words in a contract have more than one meaning,they are cut from the contract.

A promissory note is a formal contract.

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

A quasi contract is a true contract.

A void contract produces legal obligations on the parties but is not otherwise enforceable.

A party who confers a benefit on someone else unnecessarily can invoke the principle of quasi contract to recover the cost.