Question 1

The provision of services does not qualify as consideration.

Accepted Answer

A) True 
 B)False

Question 2

Contracts to accomplish illegal objects or contracts that are against public policy are void.

Accepted Answer

A) True 
 B)False

Question 3

Peter paints Stephanie's house by accident while Stephanie watches.She could easily stop him but does not.Which of the following is correct?

Accepted Answer

A)  A unilateral contract has been formed. 
B)  An implied contract has been formed. 
C)  A quasi-contract has been formed. 
D)  A formal contract has been formed. 
E)  No contract has been formed. 
A)  A unilateral contract has been formed. 
B)  An implied contract has been formed. 
C)  A quasi-contract has been formed. 
D)  A formal contract has been formed. 
E)  No contract has been formed.

Question 4

A(n)________ contract has no legal effect.

Accepted Answer

A)  executory 
B)  unilateral 
C)  bilateral 
D)  voidable 
E)  void 
A)  executory 
B)  unilateral 
C)  bilateral 
D)  voidable 
E)  void

Question 5

If a contract is void,neither party is obligated to perform the contract,and neither party can enforce the contract.

Accepted Answer

A) True 
 B)False

Question 6

An offer for a unilateral contract can always be revoked at any time prior to the offeree's completion of the requested act.

Accepted Answer

A) True 
 B)False

Question 7

Oral contracts can never be:

Accepted Answer

A)  executory. 
B)  express. 
C)  formal. 
D)  bilateral. 
E)  valid. 
A)  executory. 
B)  express. 
C)  formal. 
D)  bilateral. 
E)  valid.

Question 8

Assume Heather is driving her automobile when she is involved in a serious automobile accident and rushed to the hospital.She receives medical services while she is unconscious.Is Heather responsible for the hospital charges?

Accepted Answer

A)  yes, under the doctrine of quasi-contract 
B)  yes, under an implied-in-fact contractual theory 
C)  no, because Heather never asked for the treatment 
D)  Whether Heather is responsible for the hospital charges depends on what the judge thinks about Heather's subjective intent to form a contract. 
E)  no, because a tort was involved. 
A)  yes, under the doctrine of quasi-contract 
B)  yes, under an implied-in-fact contractual theory 
C)  no, because Heather never asked for the treatment 
D)  Whether Heather is responsible for the hospital charges depends on what the judge thinks about Heather's subjective intent to form a contract. 
E)  no, because a tort was involved.

Question 9

Mike is a house painter who orally offers to paint Betty's house for $2,000.00 by May 1st.Betty orally promises to pay Mike $2,000.00 for the paint job if he completes it by May 1st.This is a(n):

Accepted Answer

A)  void contract. 
B)  quasi-contract. 
C)  executed contract. 
D)  bilateral contract. 
E)  implied-in-fact contract. 
A)  void contract. 
B)  quasi-contract. 
C)  executed contract. 
D)  bilateral contract. 
E)  implied-in-fact contract.

Question 10

In a unilateral contract,there is no contract until the offeree performs the requested act.

Accepted Answer

A) True 
 B)False

Question 11

When can an offer to form a unilateral contract be revoked?

Accepted Answer

A)  before the offeree begins performance 
B)  after the offeree begins performance, but before the performance is completed 
C)  after completion of performance 
D)  within two (2) business days after completion of performance 
E)  within three (3) business days after completion of performance 
A)  before the offeree begins performance 
B)  after the offeree begins performance, but before the performance is completed 
C)  after completion of performance 
D)  within two (2) business days after completion of performance 
E)  within three (3) business days after completion of performance

Question 12

The objective theory of contracts stresses the outward manifestation of assent made by the parties.

Accepted Answer

A) True 
 B)False

Question 13

Parties may voluntarily agree to perform a void contract and the agreement will be enforced by the courts.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is needed to impose a quasi-contract?

Accepted Answer

A)  a benefit having been conferred and injustice if the benefit were not paid for 
B)  actions implying a contract and an agreement as to the price 
C)  a promise asking for action and the requested action having been completed 
D)  a benefit having been conferred and objective intent that it be conferred 
E)  a written document signed by the parties 
A)  a benefit having been conferred and injustice if the benefit were not paid for 
B)  actions implying a contract and an agreement as to the price 
C)  a promise asking for action and the requested action having been completed 
D)  a benefit having been conferred and objective intent that it be conferred 
E)  a written document signed by the parties

Question 15

State common law decisions have had a larger impact on contract law than federal common law decisions.

Accepted Answer

A) True 
 B)False

Question 16

Lori just purchased a brand new lawnmower for $500.When she got home and tried to use it,it would not work.She became angry and shouted,"I'd sell this thing for $50." Her neighbor heard her and said,"I'll take it," and offered Lori the $50 in cash.Which of the following best describes this situation?

Accepted Answer

A)  This is an enforceable bilateral contract. 
B)  This is an express contract. 
C)  If Lori sells the lawnmower for $50, it would be a case of unjust enrichment. 
D)  This situation does not result in the creation of a contract, because it would not objectively be believed that Lori was offering to sell her lawnmower for $50. 
E)  Contract formation in this case depends on whether the neighbor subjectively thought Lori was serious. 
A)  This is an enforceable bilateral contract. 
B)  This is an express contract. 
C)  If Lori sells the lawnmower for $50, it would be a case of unjust enrichment. 
D)  This situation does not result in the creation of a contract, because it would not objectively be believed that Lori was offering to sell her lawnmower for $50. 
E)  Contract formation in this case depends on whether the neighbor subjectively thought Lori was serious.

Question 17

Lou writes a check to Bud but leaves out some essential components that are required on the check.This check would be described as:

Accepted Answer

A)  valid. 
B)  void. 
C)  voidable. 
D)  unenforceable. 
E)  a quasi-contract. 
A)  valid. 
B)  void. 
C)  voidable. 
D)  unenforceable. 
E)  a quasi-contract.

Question 18

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

Accepted Answer

A) True 
 B)False

Question 19

Why are quasi-contracts needed? Why is it not better to just say that unless parties express or impliedly make a contract,there is no deal?

Accepted Answer

The doctrine of quasi-contract acts to p

Question 20

What was the result in Wrench LLC v.Taco Bell Corporation,in which Taco Bell was sued for allegedly breaching a contract to pay for the idea of using a Chihuahua dog in commercials?

Accepted Answer

A)  The case was dismissed because there was no contract. 
B)  The case was dismissed because contracts involving animal performers are unenforceable due to the unpredictability of animals. 
C)  The court held that the plaintiffs had established a case of promissory estoppel. 
D)  The court held that the plaintiff had stated a cause of action for breach of an implied-in-fact contract. 
E)  The case was dismissed because the plaintiff could not establish fraud. 
A)  The case was dismissed because there was no contract. 
B)  The case was dismissed because contracts involving animal performers are unenforceable due to the unpredictability of animals. 
C)  The court held that the plaintiffs had established a case of promissory estoppel. 
D)  The court held that the plaintiff had stated a cause of action for breach of an implied-in-fact contract. 
E)  The case was dismissed because the plaintiff could not establish fraud.

Exam 9: Nature of Traditional and E-Contracts

The provision of services does not qualify as consideration.

Contracts to accomplish illegal objects or contracts that are against public policy are void.

Peter paints Stephanie's house by accident while Stephanie watches.She could easily stop him but does not.Which of the following is correct?

A(n)________ contract has no legal effect.

If a contract is void,neither party is obligated to perform the contract,and neither party can enforce the contract.

An offer for a unilateral contract can always be revoked at any time prior to the offeree's completion of the requested act.

Oral contracts can never be:

Assume Heather is driving her automobile when she is involved in a serious automobile accident and rushed to the hospital.She receives medical services while she is unconscious.Is Heather responsible for the hospital charges?

Mike is a house painter who orally offers to paint Betty's house for $2,000.00 by May 1st.Betty orally promises to pay Mike $2,000.00 for the paint job if he completes it by May 1st.This is a(n):

In a unilateral contract,there is no contract until the offeree performs the requested act.

When can an offer to form a unilateral contract be revoked?

The objective theory of contracts stresses the outward manifestation of assent made by the parties.

Parties may voluntarily agree to perform a void contract and the agreement will be enforced by the courts.

Which of the following is needed to impose a quasi-contract?

State common law decisions have had a larger impact on contract law than federal common law decisions.

Lou writes a check to Bud but leaves out some essential components that are required on the check.This check would be described as:

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

Why are quasi-contracts needed? Why is it not better to just say that unless parties express or impliedly make a contract,there is no deal?

What was the result in Wrench LLC v.Taco Bell Corporation,in which Taco Bell was sued for allegedly breaching a contract to pay for the idea of using a Chihuahua dog in commercials?

Legal Heritage and the Information Age

Constitutional Law for Business and E-Commerce

Courts and Jurisdiction

Judicial, Alternative, Administrative, and E-Dispute Resolution

Torts and Strict Liability

Criminal Law and Cyber Crimes

Intellectual Property and Cyber Piracy

Ethics and Social Responsibility of Business

Agreement and Consideration

Capacity and Legality

Genuineness of Assent and Statute of Frauds

Third-Party Rights and Discharge

Breach of Contract and Remedies

Digital Law and E-Commerce

Formation of Sales, Lease, and E-Contracts

Performance of Sales, Leases and E-Contracts

Remedies for Breach of Sales and Lease Contracts

Warranties and Product Liability

Creation and Transfer of Negotiable Instruments

Holder in Due Course and Liability of Parties

Banking System, E-Money, and Financial Reform

Credit and Secured Transactions

Bankruptcy and Reorganization

Agency Law

Small Business, Entrepreneurship, and Partnerships

Corporate Formation and Financing

Corporate Governance and Sarbanes-Oxley Act

Corporate Acquisitions and Multinational Corporations

Limited Liability Company and Limited Liability Partnership

Franchise and Special Forms of Business

Investor Protection,E-Securities Transactions,and Wall Street Reform

Antitrust Law

Consumer Safety, Consumer Financial Protection, and Environmental Protection

Labor, Worker Protection, Employment, and Immigration Law

Equal Opportunity in Employment

Personal Property, Bailment, and Insurance

Real Property, Landlord-Tenant Law, and Land Use Regulation

Family Law, Wills, and Trusts

Accountants' Liability

International and World Trade Law

Filters

Mike is a house painter who orally offers to paint Betty's house for $2,000.00 by May 1^st.Betty orally promises to pay Mike $2,000.00 for the paint job if he completes it by May 1^st.This is a(n):