Question 1

Genuine,abiding love is priceless and as such is the highest form of valid consideration in contracts.

Accepted Answer

A) True 
 B)False

Question 2

The holding in the end of chapter case of Hamer v.Sidway was that oral testimony of prior negotiations cannot be introduced to vary the terms of a integrated contract.

Accepted Answer

A) True 
 B)False

Question 3

Is an advertisement generally considered to be an offer? Why? Why Not? Explain.

Accepted Answer

No.By custom advertisements are generall

Question 4

A quasi-contract is another term for a bilateral contract.

Accepted Answer

A) True 
 B)False

Question 5

Numerous statutes have been enacted to protect buyers and sellers in sales transactions before,during,and after their related negotiations.

Accepted Answer

A) True 
 B)False

Question 6

Contracts with unlicensed persons are unenforceable by the unlicensed person if the purpose of the licensing statute is to protect the public from unqualified practitioners.

Accepted Answer

A) True 
 B)False

Question 7

In the historic case of Hamer v.Sidway,the nephew:

Accepted Answer

A) lost,as there was no consideration. 
B) lost,as the uncle was dead. 
C) won,as there was consideration. 
D) won,as there was a completed gift. 
A) lost,as there was no consideration. 
B) lost,as the uncle was dead. 
C) won,as there was consideration. 
D) won,as there was a completed gift.

Question 8

Sandy Cowden inherited $700,000 from her grandfather.Reginald LaRocco is a local businessman
who operates an almond ranch and is an insurance salesperson.He owns several land parcels in the local community and wants to sell some of this land to Sandy.He convinces Sandy to buy Riveracres,Reginald's ranch on the outskirts of town.Reginald tells Sandy that there are 130 acres on the ranch.In fact there are only 90.Sandy has the ranch surveyed before buying and learns that it has only 90 acres.Reginald tells Sandy that he paid $50,000 for the land 40 years earlier and it is worth 10 times that today.He actually only paid $25,000 for the land which he purchased 53 years ago.He sells it to Sandy for $380,000 and three months later Sandy finds out a similar adjoining parcel sold for $210,000.Sandy wants to get out of the Riveracres contract.Will she be able to do so? Why or why not? Explain.

Accepted Answer

Do any of Reginald's representations con

Question 9

Two very different legal concepts are related to need for or treatment of written contracts.Those rules are and .

Accepted Answer

statute of

Question 10

The statement "If you wash my car,I will pay you $10" is an example of an offer to form a bilateral contract.

Accepted Answer

A) True 
 B)False

Question 11

If a contract has not been fully performed,it is called a(n)contract.

Accepted Answer

The answer of If a contract has not been fully...

Question 12

A(n)is a rejection of the original offer,which is also a new offer.

Accepted Answer

The answer of A(n)is a rejection of the original offer,which...

Question 13

An executory contract is one that has been performed by both parties.

Accepted Answer

A) True 
 B)False

Question 14

Contracts with unlicensed persons are enforceable by the unlicensed person if the purpose of the licensing statute is to simply raise revenue rather than to protect the public from unqualified practitioners.

Accepted Answer

A) True 
 B)False

Question 15

The law recognizes all of the following as fiduciary relationships except that of

Accepted Answer

A) lawyer or doctor,with client or patient. 
B) spouse with other spouse,regardless of the duration of the marriage. 
C) dating couples in a happy monogamous relationship. 
D) members of a general partnership in their dealings with each other related to the business of the firm. 
A) lawyer or doctor,with client or patient. 
B) spouse with other spouse,regardless of the duration of the marriage. 
C) dating couples in a happy monogamous relationship. 
D) members of a general partnership in their dealings with each other related to the business of the firm.

Question 16

In terms of legal effect,contracts are classified as ,,or
.

Accepted Answer

valid;unen

Question 17

(Use the following information to answer questions 
Broadnorf Warbeagle is specifically designated to receive cash benefits of $2,000 from Ferd under a contract solely between Cantwell and Ferd.Cantwell owes Broadnorf $4,000.Ferd had never heard of Broadnorf before his recent contract with Cantwell.
-Cantwell,by entering into his agreement with Ferd,has

Accepted Answer

A) extinguished his obligation to Broadnorf. 
B) made a partial delegation of his duty to pay Broadnorf. 
C) made an partial assignment of his duty to pay Broadnorf. 
D) created a three-party novation,also referred to by Justice Baadoza in Marbury v.Madison as a "three-legged monte." 
A) extinguished his obligation to Broadnorf. 
B) made a partial delegation of his duty to pay Broadnorf. 
C) made an partial assignment of his duty to pay Broadnorf. 
D) created a three-party novation,also referred to by Justice Baadoza in Marbury v.Madison as a "three-legged monte."

Question 18

Parties to a contract may specify in advance the amount of damages that must be paid in case of breach.These liquidated damages

Accepted Answer

A) are generally payable in a liquid form (for example oil,or solvents,or alcoholic beverages). 
B) are enforceable if they are a penalty designed to frighten parties into performance as agreed. 
C) must be reasonable and not a penalty.They reflect the difficulty of assessing the actual or anticipated damages that would be caused by any future breach. 
D) are most appropriate when actual damages will be easy to calculate. 
A) are generally payable in a liquid form (for example oil,or solvents,or alcoholic beverages). 
B) are enforceable if they are a penalty designed to frighten parties into performance as agreed. 
C) must be reasonable and not a penalty.They reflect the difficulty of assessing the actual or anticipated damages that would be caused by any future breach. 
D) are most appropriate when actual damages will be easy to calculate.

Question 19

A contract that includes a promise for an act is called ,while a contract that
includes a promise in exchange for a promise is called .

Accepted Answer

unilateral

Question 20

Contracts entered into as a result of duress or undue influences are always void.

Accepted Answer

A) True 
 B)False

Genuine,abiding love is priceless and as such is the highest form of valid consideration in contracts.

The holding in the end of chapter case of Hamer v.Sidway was that oral testimony of prior negotiations cannot be introduced to vary the terms of a integrated contract.

Is an advertisement generally considered to be an offer? Why? Why Not? Explain.

A quasi-contract is another term for a bilateral contract.

Numerous statutes have been enacted to protect buyers and sellers in sales transactions before,during,and after their related negotiations.

Contracts with unlicensed persons are unenforceable by the unlicensed person if the purpose of the licensing statute is to protect the public from unqualified practitioners.

In the historic case of Hamer v.Sidway,the nephew:

Two very different legal concepts are related to need for or treatment of written contracts.Those rules are and .

The statement "If you wash my car,I will pay you $10" is an example of an offer to form a bilateral contract.

If a contract has not been fully performed,it is called a(n)contract.

A(n)is a rejection of the original offer,which is also a new offer.

An executory contract is one that has been performed by both parties.

Contracts with unlicensed persons are enforceable by the unlicensed person if the purpose of the licensing statute is to simply raise revenue rather than to protect the public from unqualified practitioners.

The law recognizes all of the following as fiduciary relationships except that of

In terms of legal effect,contracts are classified as ,,or .

Parties to a contract may specify in advance the amount of damages that must be paid in case of breach.These liquidated damages

A contract that includes a promise for an act is called ,while a contract that includes a promise in exchange for a promise is called .

Contracts entered into as a result of duress or undue influences are always void.

Introduction to Law

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Attorney Client Relationship

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Crimes: Public Wrongs

Torts: Private Wrongs

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Exam 8: Contracts: Enforceable Agreements

Genuine,abiding love is priceless and as such is the highest form of valid consideration in contracts.

The holding in the end of chapter case of Hamer v.Sidway was that oral testimony of prior negotiations cannot be introduced to vary the terms of a integrated contract.

Is an advertisement generally considered to be an offer? Why? Why Not? Explain.

A quasi-contract is another term for a bilateral contract.

Numerous statutes have been enacted to protect buyers and sellers in sales transactions before,during,and after their related negotiations.

Contracts with unlicensed persons are unenforceable by the unlicensed person if the purpose of the licensing statute is to protect the public from unqualified practitioners.

In the historic case of Hamer v.Sidway,the nephew:

Two very different legal concepts are related to need for or treatment of written contracts.Those rules are and .

The statement "If you wash my car,I will pay you $10" is an example of an offer to form a bilateral contract.

If a contract has not been fully performed,it is called a(n)contract.

A(n)is a rejection of the original offer,which is also a new offer.

An executory contract is one that has been performed by both parties.

Contracts with unlicensed persons are enforceable by the unlicensed person if the purpose of the licensing statute is to simply raise revenue rather than to protect the public from unqualified practitioners.

The law recognizes all of the following as fiduciary relationships except that of

In terms of legal effect,contracts are classified as ,,or .

Parties to a contract may specify in advance the amount of damages that must be paid in case of breach.These liquidated damages

A contract that includes a promise for an act is called ,while a contract that includes a promise in exchange for a promise is called .

Contracts entered into as a result of duress or undue influences are always void.

Introduction to Law

Our Constitution

The Court System

Attorney Client Relationship

Administrative Law

Crimes: Public Wrongs

Torts: Private Wrongs

Family Law

Owning and Operating Motor Vehicles

Renters and Landlords

Home Ownership

Employee and Employer Rights and Duties

Wills, Trusts, and Probate Laws Appendices Glossary Indexes

Filters