Exam 9: Formation and Requirements of Contracts

Yvonne finds a carpenter to do some repairs for her house and tells him that if he finishes the job by Saturday,she will pay him $1,000.Yvonne's offer creates a(n)________ contract.

In a recognizance,a party agrees to pay a specified sum of money if another party does not pay it.

Noelle uses blackmail to force Jeff to sign a contract for the sale of his home.This contract is ________.

Which of the following is a necessary condition for a contract to be considered valid?

Which of the following is acceptable consideration for a contract?

Which of the following is true of a gift promise?

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

Consideration is defined as something of legal value given in exchange for termination of an offer.

Which of the following would likely give rise to a quasi-contract?

An express contract can be stated orally.

A(n)________ contract is a contract that has not been fully performed by either or both sides.

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

Windsor,the owner of Windsor's Sandwiches,contacts Gary,a new supplier.He promises Gary that he will pay him $375 if Gary delivers 20 pounds of cheese the following morning.Gary promises to make the delivery as requested by Windsor.This creates a(n)________ contract between them.

Kyle goes to a used automobile dealership to buy a truck.He signs an agreement with the dealership that includes a description of the truck,its price,and other details.This is an example of a(n)________ contract.

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

An offer to create a unilateral contract cannot be accepted by a promise to perform.

The ________ establishes uniform legal rules for the formation and enforcement of electronic contracts and licenses.

In terms of contractual capacity,what is the most commonly-recognized age of majority?

Explain in brief the Uniform Computer Information Transactions Act (UCITA).

A contract is ________ if the offeror's offer can be accepted only by the performance of an act by the offeree.