Exam 10: B: Nature and Terminology

Some promises are not legally binding.

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

An implied contract is not an actual contract.

Resolving whether a promise should be enforced is a function of contract law.

Mia,a physician,renders aid to Noel,who is injured and unconscious.Mia can recover the cost of the aid from Noel

The doctrine of quasi contract can be used only when there is an actual con?tract that covers the matter in controversy.

Crosby believes that he and Dakota agreed 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

When Jeff's car breaks down,he asks Kwik Tow,Inc. ,to tow it from its location to Loyal Repair Shop.There is no discussion of a price,and Jeff and Kwik do not sign any documents.After the tow,Kwik sends Jeff a bill.With respect to Jeff's obligation to pay the bill,this is

Following negotiations with Merchants Storage Company,Lonny enters into an informal contract to clean the loading dock.This means that the parties' contract

Scot enters into a contract with Tiffany that later proves voidable at Tiffany's option.If she elects to avoid any duty to perform under the contract

Flo tells Gregor that she will buy his textbook from last semester for $65.Gregor agrees.Flo and Gregor have

On Monday,Neil tells Outdoor Landscaping,Inc. ,that he will pay Outdoor $500 if a variety of tasks are completed by Friday.On Wednesday,when Outdoor is more than half done with the work,Neil says that he has changed his mind.Under the present-day view,these parties had

A reasonable,lawful,and effective meaning will normally be given to all of a contract's terms.

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

If a voidable contract is ratified,the parties must fully perform their respective legal obligations.

"Consideration" refers to the voluntary consent of all of the parties to a contract.

Diaz and Cuzco enter an express contract for the construction of a warehouse.Express contract terms are given,in relation to the parties' course of performance,

On May 1,Local Cartage Company and Modern Computers,Inc. ,orally agree that Local Cartage will pick up from National Chip Corporation and deliver to Modern Computers' manufacturing plant a certain num?ber of computer chips on each Monday in May.Under the agree?ment,Modern Computers will pay for the delivery services on June 1.On May 1,is this contract express,implied in fact,or implied in law? On May 31,after all of the deliveries have been made,is the contract exe?cuted or executory?

Holiday Sales Company and Global Distributors,Inc. ,enter into a contract for the delivery of imported specialty goods.Until the goods are delivered and paid for,these parties have

A quasi contract is a fictional contract.