Question 1

Which of the following is most likely to be a unilateral contract?

Accepted Answer

A)  Gift of an engagement ring 
B)  Offer of a reward 
C)  Purchase at a retail store 
D)  Promise to make a gift 
A)  Gift of an engagement ring 
B)  Offer of a reward 
C)  Purchase at a retail store 
D)  Promise to make a gift

Question 2

John offers to sell his car to Mary for $5000 and Mary responds, saying "I'll give you $4500." Mary's statement constitutes a(n)

Accepted Answer

A)  acceptance. 
B)  revocation of the offer. 
C)  counteroffer. 
D)  modification. 
A)  acceptance. 
B)  revocation of the offer. 
C)  counteroffer. 
D)  modification.

Question 3

In Tierney v. Four H Land Company Limited Partnership , the court held that

Accepted Answer

A)  the district court was correct for not ordering specific performance because the burdens on Four H and Western outweighed the benefits to the Tierneys. 
B)  the 1998 CUP and the agreement that set forth the core requirements for reclamation of the property were not sufficiently certain and definite to describe what was required of Four H and Western. 
C)  specific performance was an appropriate remedy for Four H's and Western's breach, and the district court should have ordered it. 
D)  specific performance, as an equitable remedy, is not appropriate for a lawsuit concerning real property. 
A)  the district court was correct for not ordering specific performance because the burdens on Four H and Western outweighed the benefits to the Tierneys. 
B)  the 1998 CUP and the agreement that set forth the core requirements for reclamation of the property were not sufficiently certain and definite to describe what was required of Four H and Western. 
C)  specific performance was an appropriate remedy for Four H's and Western's breach, and the district court should have ordered it. 
D)  specific performance, as an equitable remedy, is not appropriate for a lawsuit concerning real property.

Question 4

A contract formed between parties of very unequal power, such as where the more powerful party prepares a standard written contract that the other party must sign or refuse, is called

Accepted Answer

A)  a contract of adhesion. 
B)  an unconscionable contract. 
C)  economic duress. 
D)  undue influence. 
A)  a contract of adhesion. 
B)  an unconscionable contract. 
C)  economic duress. 
D)  undue influence.

Which of the following is most likely to be a unilateral contract?

John offers to sell his car to Mary for $5000 and Mary responds, saying "I'll give you $4500." Mary's statement constitutes a(n)

In Tierney v. Four H Land Company Limited Partnership , the court held that

A contract formed between parties of very unequal power, such as where the more powerful party prepares a standard written contract that the other party must sign or refuse, is called

Law and the Profession of Law

Ethics

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Sources of the Law Legislation

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State and Federal Courts

Procedure in Civil Cases

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Exam 11: Contracts and Commercial Law

Which of the following is most likely to be a unilateral contract?

John offers to sell his car to Mary for $5000 and Mary responds, saying "I'll give you $4500." Mary's statement constitutes a(n)

In Tierney v. Four H Land Company Limited Partnership , the court held that

A contract formed between parties of very unequal power, such as where the more powerful party prepares a standard written contract that the other party must sign or refuse, is called

Law and the Profession of Law

Ethics

Sources of the Law Cases

Sources of the Law Legislation

Trial and Appellate Courts

State and Federal Courts

Procedure in Civil Cases

The Law of Criminal Procedure

Criminal Law

Torts Personal Injury and Compensation

The Law of Property

Family Law

Administrative Law and Procedure

Filters