Exam 11: Contracts and Commercial Law

In the case of Hoffman v. Red Owl Stores , the prospective franchisee recovered under the theory of

Contracts by minors for _______ are usually enforceable.

Reformation of a written contract is appropriate where

Which of the following must be made in writing to be enforceable?

A quasi-contract may be imposed by the court where

_______ aims at destroying the contract and its obligations and putting the parties back in the position they were in prior to the agreement.

An option contract is not binding without

When Vito Corleone makes an "offer you can't refuse" ("either your signature or your brains go on this contract"), the contract is voidable on grounds of

_______ is an equitable principle asserting that one receiving a benefit at another's loss owes restitution to the other.

In Hanks v. McNeil Coal Corporation (the father sold property to a coal company, and the son, conservator of the father's estate, was trying to invalidate the sale), the court held that

Where an offer calls for a return promise, it is called a _______ contract.

Which of the following would not ordinarily constitute consideration (as in Rose v. Elias )?

A contract made by a minor is

In the absence of a contract complete with offer, acceptance, and consideration, a court may enforce a promise under the principle of promissory estoppel where

In Lucy v. Zehmer (the "seller" claimed that the offer to sell the land was a joke), the court held that

A person discovering that the house she has just contracted to buy has a well-known (but not known to her as a stranger to the region) reputation as a haunted house

A promise to make a gift has traditionally been considered

_______ is a remedy requiring a breaching party to carry out the terms of the contract.

Contracts relying on promises of future performances are called _______ contracts.

In contract law obligations are based on _______, in contrast to tort, where obligations are imposed by law.