Question 1

Every contract involves at least two parties.

Accepted Answer

A) True 
 B)False

Question 2

Jonah tells Levi he will give him an Xbox if Levi does Jonah's chores for a month.Levi promises to do the chores.Jonah and Levi have formed a

Accepted Answer

A) bilateral contract. 
B) unilateral contract. 
C) void contract. 
D) unenforceable contract.

Question 3

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

Accepted Answer

A) abilateral contract. 
B) aunilateral contract. 
C) a quasi contract. 
D) no contract.

Question 4

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.

Question 5

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?

Accepted Answer

The answer of Cody signs and returns a letter from...

Question 6

On Monday,Neil tells Outdoor Landscaping,Inc.,that he will pay Outdoor $500 if various tasks are completed by Friday.On Wednesday,when Outdoor has finished more than half of the work,Neil says that he has changed his mind.These parties had

Accepted Answer

A) an expired contract when Neil said that he had changed his mind. 
B) aquasi contract when Neil said that he would pay for certain work. 
C) aunilateral contract as soon as Outdoor began to perform. 
D) no contract.

Question 7

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

Accepted Answer

A) True 
 B)False

Question 8

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

Accepted Answer

A) True 
 B)False

Question 9

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

Accepted Answer

A) True 
 B)False

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

A void contract is enforceable if it is in writing.

Accepted Answer

A) True 
 B)False

Question 12

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

Accepted Answer

A) True 
 B)False

Question 13

Ellen offers to sell her math textbook to Julia for $50.Julia does not respond.Ellen and Julia do not have a contract because they lack the requirement of

Accepted Answer

A) agreement. 
B) capacity. 
C) consideration. 
D) legality.

Question 14

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

Accepted Answer

A) True 
 B)False

Question 15

Green Grocers,Inc.,enters into a contract with Hiway Transport Company for the deliv-ery of a shipment of fresh produce.In a later dispute between these parties over the delivery,the doctrine of quasi contract cannot be used because

Accepted Answer

A) both of the parties involved are businesses. 
B) at least one of the parties had greater bargaining power. 
C) the subject of the contract was a service. 
D) there is an actual contract covering the subject in dispute.

Question 16

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) a quasi contract. 
D) no contract.

Question 17

Holiday Sales Company and Global Distributors,Inc.,enter into an express contract for the delivery of imported specialty goods.In interpreting this contract,the highest priority is given to

Accepted Answer

A) the parties' prior dealing. 
B) the trade usage in the parties' industry. 
C) the parties' course of performance. 
D) the express contract terms.

Question 18

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

Accepted Answer

A) an executee. 
B) an offeror. 
C) a promisee. 
D) a promisor.

Question 19

Jonathon promises to pay child support and alimony to his ex-wife every month after their divorce.Jonathon has

Accepted Answer

A) only a moral obligation to do keep his promise. 
B) only a legal obligation to keep his promise. 
C) both a legal and a moral obligation to keep his promise. 
D) no obligation to keep his promise.

Question 20

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

Accepted Answer

A) an express contract. 
B) an implied contract. 
C) a quasi contract. 
D) no contract.

Exam 8: Nature and Classification

Every contract involves at least two parties.

Jonah tells Levi he will give him an Xbox if Levi does Jonah's chores for a month.Levi promises to do the chores.Jonah and Levi have formed a

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

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

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?

On Monday,Neil tells Outdoor Landscaping,Inc.,that he will pay Outdoor $500 if various tasks are completed by Friday.On Wednesday,when Outdoor has finished more than half of the work,Neil says that he has changed his mind.These parties had

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

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

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

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

A void contract is enforceable if it is in writing.

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

Ellen offers to sell her math textbook to Julia for $50.Julia does not respond.Ellen and Julia do not have a contract because they lack the requirement of

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

Green Grocers,Inc.,enters into a contract with Hiway Transport Company for the deliv-ery of a shipment of fresh produce.In a later dispute between these parties over the delivery,the doctrine of quasi contract cannot be used because

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

Holiday Sales Company and Global Distributors,Inc.,enter into an express contract for the delivery of imported specialty goods.In interpreting this contract,the highest priority is given to

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

Jonathon promises to pay child support and alimony to his ex-wife every month after their divorce.Jonathon has

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