Exam 9: Formation of Traditional and E-Contracts

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A(n)________ is an equitable doctrine whereby a court may award monetary damages to a plaintiff for providing work or services to a defendant even though no actual contract existed.

(Short Answer)

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Question 21

A contract is considered to be supported by legal value if the promisee receives a legal benefit.

(True/False)

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Question 22

________ is something of legal value given in exchange for a promise.

(Short Answer)

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Question 23

An offeror uses blackmail to make an offeree sign a contract that involves the sale of the offeree's house. The contract is ________.

(Multiple Choice)

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Question 24

Explain the basic requirements that must be met for a contract to be enforceable.

(Essay)

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Question 25

An act of performance is necessary to create a bilateral contract.

(True/False)

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Question 26

Which of the following is true of a gift promise?

(Multiple Choice)

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Question 27

A new promise can include a past consideration for it to be enforceable.

(True/False)

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Question 28

A contract is bilateral contract if the offeror's promise is answered with the offeree's promise of acceptance.

(True/False)

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Question 29

Which of the following statements is true of the doctrine of quasi-contract?

(Multiple Choice)

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Question 30

If a contract is required to be in writing under the Statute of Frauds but is not, the contract is ________.

(Multiple Choice)

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Question 31

Which of the following elements must be established to create an implied-in-fact contract?

(Multiple Choice)

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Question 32

Which of the following is an informal contract?

(Multiple Choice)

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Question 33

The ________ states that the intent to contract is judged by the reasonable person standard and not by the subjective intent of the parties.

(Multiple Choice)

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Question 34

Ben was talking to Harry who was drunk. Harry agreed to give his car to Ben as a token of friendship. Once sober, Harry asks Ben to return his car. This contract is considered ________.

(Multiple Choice)

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Question 35

To meet the mirror image rule, the offeree must accept the terms of the offer without modification.

(True/False)

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Question 36

An implied-in-law contract is a contract in which agreement between parties has been inferred from their conduct.

(True/False)

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Question 37

The infancy doctrine gives adults the right to disaffirm contracts entered with minors.

(True/False)

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Question 38

In auction without reserve, the seller is the offeree.

(True/False)

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Question 39

A person who has dealt with an insane person need not place that insane person in status quo once the contract is voided.

(True/False)

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Question 40

Showing 21 - 40 of 95

Exam 9: Formation of Traditional and E-Contracts

A(n)________ is an equitable doctrine whereby a court may award monetary damages to a plaintiff for providing work or services to a defendant even though no actual contract existed.

A contract is considered to be supported by legal value if the promisee receives a legal benefit.

________ is something of legal value given in exchange for a promise.

An offeror uses blackmail to make an offeree sign a contract that involves the sale of the offeree's house. The contract is ________.

Explain the basic requirements that must be met for a contract to be enforceable.

An act of performance is necessary to create a bilateral contract.

Which of the following is true of a gift promise?

A new promise can include a past consideration for it to be enforceable.

A contract is bilateral contract if the offeror's promise is answered with the offeree's promise of acceptance.

Which of the following statements is true of the doctrine of quasi-contract?

If a contract is required to be in writing under the Statute of Frauds but is not, the contract is ________.

Which of the following elements must be established to create an implied-in-fact contract?

Which of the following is an informal contract?

The ________ states that the intent to contract is judged by the reasonable person standard and not by the subjective intent of the parties.

Ben was talking to Harry who was drunk. Harry agreed to give his car to Ben as a token of friendship. Once sober, Harry asks Ben to return his car. This contract is considered ________.

To meet the mirror image rule, the offeree must accept the terms of the offer without modification.

An implied-in-law contract is a contract in which agreement between parties has been inferred from their conduct.

The infancy doctrine gives adults the right to disaffirm contracts entered with minors.

In auction without reserve, the seller is the offeree.

A person who has dealt with an insane person need not place that insane person in status quo once the contract is voided.

Legal Heritage and the Digital Age

Ethics and Social Responsibility of Business

Courts, Jurisdiction, and Administrative Agencies

Judicial, Alternative, and E-Dispute Resolution

Constitutional Law for Business and E-Commerce

Torts and Strict Liability

Criminal Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Performance and Breach of Traditional and E-Contracts

E-Commerce and Digital Law

UCC Sales and Lease Contracts and Warranties

Credit, Secured Transactions, and Bankruptcy

Small Business and General and Limited Partnerships

Limited Liability Companies, Limited Liability Partnerships, and Special Forms of Business

Corporations and the Sarbanes-Oxley Act

Investor Protection, E-Securities, and Wall Street Reform

Agency Law

Equal Opportunity in Employment

Employment Law and Worker Protection

Labor Law and Immigration Law

Antitrust Law and Unfair Trade Practices

Consumer Protection

Environmental Protection

Land Use Regulation and Real Property

International and World Trade Law

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