Exam 11: Nature and Terminology

Wilson buys a lottery ticket at his local gas station.Wilson has accepted an offer for a

In contract law,intent is determined by the personal or subjective intent,or belief,of a party.

Robin claims that her contract with Stroud for tennis lessons is voidable.If their contract is avoided,

The doctrine of quasi contract generally can only be used when there is an actual contract that covers the matter in controversy.

An unenforceable contract is one that cannot be enforced because of certain legal defenses against it.

One of the four requirements of a valid contract is an adequate price.

Mallory promises to buy illegal digital copies of movies from Napoleon,who promises to deliver on October 31.These promises are most likely

On May 1,Bobbi-Ann,a real estate agent,and Corporate Properties,Inc.,a commercial property owner,sign an agreement about the sale of Corporate Properties' office building.Under the terms,if a buyer makes a serious offer within sixty days,Corporate Properties must pay Bobbi-Ann's commission.Bobbi-Ann puts for sale signs on the building,places ads in real estate pamphlets and one a locally focused Web site,and features the property in a "walking" tour online.On June 1,Corporate Properties tells Bobbi-Ann that it is canceling their arrangement.Ten days later,Corporate Properties closes a sale on the building without Bobbi-Ann's participation.Bobbi-Ann files a suit against Corporate Properties for the amount of her commission.In whose favor is the court likely to rule,and why

In a one-care auto accident,Carmel is rendered unconscious and otherwise injured.At the scene,Dana,a physician,acts to save Carmel's life.Later,Dana seeks to recover for the cost of the aid.She is most likely to recover

A negotiable instrument is a formal contract.

Informal contracts include all contracts other than formal contracts.

A quasi contract is an actual contract.

Sal assures Tom that she will deliver a truckload of hay to his cattle ranch.A person's declaration to do a certain act is part of the definition of

A contract that has been fully performed by the parties is called an executory contract.

Following negotiations,Office Park,Inc.,enters into an informal contract with Quality Janitorial Company for custodial services for Office Park's buildings.This means that the parties' contract

Gilbert promises to buy Hadley's iPod for $75.Hadley is

Smith & Jones,an accounting firm,agrees to perform an audit for Brick & Mortar Stores,Inc.Whether or not this agreement meets all of the requirements of a contract,the parties are likely to follow the rules of contract law because they

If a contract term is ambiguous,a court can consider extrinsic evidence.

The term consideration refers to the legality of the subject matter of a contract.

Brady accepts what he believes is an offer to work for Canyon River Adventures,Inc.,as a tour and fishing guide.In determining whether a contract has been formed,an element of prime importance is