Question 1

Contracts may be in writing,under seal,verbal,or even implied.

Accepted Answer

A) True 
 B)False

Question 2

Neither party is bound by a contract with a minor.

Accepted Answer

A) True 
 B)False

Question 3

All of the essential terms of a contract except for consideration must be clearly specified.

Accepted Answer

A) True 
 B)False

Question 4

Indicate what types of contracts are binding on infants.

Accepted Answer

necessaries and beneficial con

Question 5

Which one of the following correctly indicates the position of the parties in respect to contracts involving minors?

Accepted Answer

A) Contracts with minors are void,except beneficial contracts of service. 
B) Contracts with minors are unenforceable by the minor against the adult and by the adult against the minor. 
C) An adult cannot sue the minor on the contract even if the minor affirms the contract after reaching the age of majority. 
D) All contracts with minors are void. 
E) A minor can enforce a contract made by an adult with him despite the fact that he is a minor. 
A) Contracts with minors are void,except beneficial contracts of service. 
B) Contracts with minors are unenforceable by the minor against the adult and by the adult against the minor. 
C) An adult cannot sue the minor on the contract even if the minor affirms the contract after reaching the age of majority. 
D) All contracts with minors are void. 
E) A minor can enforce a contract made by an adult with him despite the fact that he is a minor.

Question 6

Discuss the requirement of consensus in the formation of contract.In your answer,consider the role of offer and acceptance,and also look at the degree of understanding required between the parties.

Accepted Answer

Consensus is the first element discussed

Question 7

Clem had wanted a piano for a long time.Although he was a minor,his mom gave him $300 and he took this with some savings and made a $500 down payment on a $3000 piano.The balance was to be paid over a three-year period.His mom signed the contract as a guarantor.Clem made the first three payments,but he damaged the piano while trying to move it from the living room to his upstairs bedroom.He didn't have the money to get it fixed.He quit playing piano,lost interest,and quit making his payments.On these facts,which of the following is false?

Accepted Answer

A) Although the contract is unenforceable against Clem,if he affirms the contract after he reaches the age of majority,the seller will be able to sue him for breach of contract. 
B) Clem's mother will be liable on the guarantee only if it is in writing. 
C) If Clem's mother guaranteed the deal,she would be liable on her guarantee even if the contract is unenforceable against Clem. 
D) Unless Clem affirms the contract or partly performs the contract after he reaches the age of majority,the seller cannot get any compensation from him. 
E) Because Clem is a minor,he cannot sue the seller,even if the piano is defective. 
A) Although the contract is unenforceable against Clem,if he affirms the contract after he reaches the age of majority,the seller will be able to sue him for breach of contract. 
B) Clem's mother will be liable on the guarantee only if it is in writing. 
C) If Clem's mother guaranteed the deal,she would be liable on her guarantee even if the contract is unenforceable against Clem. 
D) Unless Clem affirms the contract or partly performs the contract after he reaches the age of majority,the seller cannot get any compensation from him. 
E) Because Clem is a minor,he cannot sue the seller,even if the piano is defective.

Question 8

Explain the principle of promissory estoppel and how it relates to the requirement of consideration in contract law.In your answer,explain any limitations on its availability.

Accepted Answer

Here,students are expected to show an un

Question 9

Only the person or group to whom an offer is made can accept it.

Accepted Answer

A) True 
 B)False

Question 10

What must a person establish in order to escape contractual obligations on the basis of insanity?

Accepted Answer

that the person was insane at the time o

Question 11

Which one of the following categories of persons has their capacity to enter into contracts limited?

Accepted Answer

A) divorced women 
B) married women 
C) landed immigrants 
D) refugees 
E) insane or intoxicated persons 
A) divorced women 
B) married women 
C) landed immigrants 
D) refugees 
E) insane or intoxicated persons

Question 12

When the post-box rule applies,the place of mailing of the acceptance may determine the place of the contract.

Accepted Answer

A) True 
 B)False

Question 13

Assume that all other requirements for a valid contract are present and indicate which of the following would not be a binding agreement because of a problem with consideration.

Accepted Answer

A) Laura promises to pay a carpenter,who is renovating the living room of her home,an additional $100 if he will install an extra cabinet to store her files. 
B) Smith sold a valuable watch to Sarah for only $1. 
C) John tells his neighbour,Eric,that he will give him $30 to show his gratitude for Eric's extraordinary work for Little League. 
D) Mr.N promises to give $50 to the cystic fibrosis society and makes that promise under seal. 
E) Jones agrees to accept $80 as full payment of a $100 debt if Kahn,the debtor,agrees to pay the $80 a week before the due date. 
A) Laura promises to pay a carpenter,who is renovating the living room of her home,an additional $100 if he will install an extra cabinet to store her files. 
B) Smith sold a valuable watch to Sarah for only $1. 
C) John tells his neighbour,Eric,that he will give him $30 to show his gratitude for Eric's extraordinary work for Little League. 
D) Mr.N promises to give $50 to the cystic fibrosis society and makes that promise under seal. 
E) Jones agrees to accept $80 as full payment of a $100 debt if Kahn,the debtor,agrees to pay the $80 a week before the due date.

Question 14

Which of the following shows the use of the doctrine of promissory (equitable)estoppel?

Accepted Answer

A) This doctrine can be used by a plaintiff to endorse a written promise signed and sealed (i.e.,a seal has been affixed next to the signature of the promisor). 
B) George told Hans that he would give him his printer.If he doesn't,Hans could use the doctrine to force him to do so. 
C) George wants to force Elaine to honour her promise to pay him $2.After he paid for a video they watched,she was so moved by the movie she said she would pay half of the rental cost. 
D) If Lam requests services from Jones and there is no mention of price and if Lam doesn't pay Jones,this doctrine can be used to force Lam to pay a reasonable amount. 
E) Lee,a defendant,can use this doctrine as a defence against a plaintiff insisting on his full legal right when he had promised to forgive Lee some of Lee's legal obligation and Lee had relied on that promise. 
A) This doctrine can be used by a plaintiff to endorse a written promise signed and sealed (i.e.,a seal has been affixed next to the signature of the promisor). 
B) George told Hans that he would give him his printer.If he doesn't,Hans could use the doctrine to force him to do so. 
C) George wants to force Elaine to honour her promise to pay him $2.After he paid for a video they watched,she was so moved by the movie she said she would pay half of the rental cost. 
D) If Lam requests services from Jones and there is no mention of price and if Lam doesn't pay Jones,this doctrine can be used to force Lam to pay a reasonable amount. 
E) Lee,a defendant,can use this doctrine as a defence against a plaintiff insisting on his full legal right when he had promised to forgive Lee some of Lee's legal obligation and Lee had relied on that promise.

Question 15

Joe,a university student,parked his car near Harry's garage and went to attend classes.Harry had noticed that there was glass on the street when he came to work that morning and was not surprised when he saw that several of the students' cars parked in that location subsequently had flat tires.He went around to each of those cars when he had time during the day,fixed the tires,and put a bill on each vehicle charging $15 for the service.Joe had returned to his car during the day and had noticed the flat tire,and when he returned again that evening he was grateful that it had been fixed.He went over to the garage to thank Harry and told him that he would be happy to pay the $15,but he couldn't do it until next week.In fact,he failed to pay the money,and Harry sued him for breach of contract.Explain the likely outcome.

Accepted Answer

Harry would lose.This is an ex

Question 16

Sam placed an announcement in the newspaper as follows: "$200 reward for the return of two lost Siamese kittens." Joe read the ad,found the kittens,and returned them.This is an example of which of the following?

Accepted Answer

A) bilateral contract 
B) invitation to treat 
C) offer 
D) gratuitous promise 
E) unilateral contract 
A) bilateral contract 
B) invitation to treat 
C) offer 
D) gratuitous promise 
E) unilateral contract

Question 17

Even though a person promises to hold an offer open for a specified period of time,the offeror can revoke that offer before that time if he or she feels like it.

Accepted Answer

A) True 
 B)False

Question 18

Joe owned a classic Buick automobile,and he agreed to trade it to Sam for a specified amount of cocaine.Sam took the car and,three days later,before he could deliver the cocaine to Joe,his cocaine was seized by the police and he was arrested.Joe is now bringing an action claiming that he's entitled to the car.Indicate what arguments are available to Joe and the likelihood of him obtaining his car.

Accepted Answer

Joe would claim either that the contract

Question 19

Distinguish between a void contract and a voidable contract.

Accepted Answer

A void contract never was a contract and

Question 20

An acceptance of an offer applies when and where it is received except when it is communicated by telephone.

Accepted Answer

A) True 
 B)False

Contracts may be in writing,under seal,verbal,or even implied.

Neither party is bound by a contract with a minor.

All of the essential terms of a contract except for consideration must be clearly specified.

Indicate what types of contracts are binding on infants.

Which one of the following correctly indicates the position of the parties in respect to contracts involving minors?

Discuss the requirement of consensus in the formation of contract.In your answer,consider the role of offer and acceptance,and also look at the degree of understanding required between the parties.

Explain the principle of promissory estoppel and how it relates to the requirement of consideration in contract law.In your answer,explain any limitations on its availability.

Only the person or group to whom an offer is made can accept it.

What must a person establish in order to escape contractual obligations on the basis of insanity?

Which one of the following categories of persons has their capacity to enter into contracts limited?

When the post-box rule applies,the place of mailing of the acceptance may determine the place of the contract.

Assume that all other requirements for a valid contract are present and indicate which of the following would not be a binding agreement because of a problem with consideration.

Which of the following shows the use of the doctrine of promissory (equitable)estoppel?

Sam placed an announcement in the newspaper as follows: "$200 reward for the return of two lost Siamese kittens." Joe read the ad,found the kittens,and returned them.This is an example of which of the following?

Even though a person promises to hold an offer open for a specified period of time,the offeror can revoke that offer before that time if he or she feels like it.

Distinguish between a void contract and a voidable contract.

An acceptance of an offer applies when and where it is received except when it is communicated by telephone.

The Canadian Legal System

Torts and Professional Liability

Enforcing Contractual Obligations

Legislation in the Marketplace

Agency and Employment

Methods of Carrying on Business

Property

Ideas and Information

Electronic Commerce and International Trade

Filters

Exam 3: Formation of Contracts

Contracts may be in writing,under seal,verbal,or even implied.

Neither party is bound by a contract with a minor.

All of the essential terms of a contract except for consideration must be clearly specified.

Indicate what types of contracts are binding on infants.

Which one of the following correctly indicates the position of the parties in respect to contracts involving minors?

Discuss the requirement of consensus in the formation of contract.In your answer,consider the role of offer and acceptance,and also look at the degree of understanding required between the parties.

Explain the principle of promissory estoppel and how it relates to the requirement of consideration in contract law.In your answer,explain any limitations on its availability.

Only the person or group to whom an offer is made can accept it.

What must a person establish in order to escape contractual obligations on the basis of insanity?

Which one of the following categories of persons has their capacity to enter into contracts limited?

When the post-box rule applies,the place of mailing of the acceptance may determine the place of the contract.

Assume that all other requirements for a valid contract are present and indicate which of the following would not be a binding agreement because of a problem with consideration.

Which of the following shows the use of the doctrine of promissory (equitable)estoppel?

Sam placed an announcement in the newspaper as follows: "$200 reward for the return of two lost Siamese kittens." Joe read the ad,found the kittens,and returned them.This is an example of which of the following?

Even though a person promises to hold an offer open for a specified period of time,the offeror can revoke that offer before that time if he or she feels like it.

Distinguish between a void contract and a voidable contract.

An acceptance of an offer applies when and where it is received except when it is communicated by telephone.

The Canadian Legal System

Torts and Professional Liability

Enforcing Contractual Obligations

Legislation in the Marketplace

Agency and Employment

Methods of Carrying on Business

Property

Ideas and Information

Electronic Commerce and International Trade

Filters