JD NEXT QUESTIONS AND ANSWERS SURE A+
✔✔"Conclusion" means what? - ✔✔The outcome of the courts ruling.
Includes damages.
✔✔What should you reformulate in the conclusion? - ✔✔You should reformulate the
issue by answering it in the conclusion.
✔✔What is a contract? - ✔✔Agreement between parties, creating mutual obligations
that are enforceable by law.
✔✔What three things must a contract have? - ✔✔1) Offer
2) Consideration
3) Acceptance
✔✔Bilateral Contract - ✔✔Seeks acceptance by return promise.
✔✔Unilateral Contract - ✔✔Seeks acceptance by a return performance.
✔✔Illusory Promise - ✔✔A promise that is unenforceable due to indefiniteness or lack
of mutuality, where only one side is bound to perform.
✔✔Joe asked Harry for a ride to the airport. Harry agreed and was happy to help his
friend. Joe said he would treat Harry to coffee next week as a thank-you for the ride.
That next week Joe called Harry and told him that he was too tired from traveling and
wouldn't treat him to a coffee after all. What would a court likely decide? - ✔✔Joe and
Harry did not have a valid contract since consideration is based on a past event
✔✔Offer - ✔✔A proposal made by one party that he/she is willing to enter a contract.
✔✔Acceptance - ✔✔Unqualified agreement by the offeree to be bound by the offer is
known as
, ✔✔Which is a falce statement about a unilateral offer? - ✔✔An offer that cannot be
withdrawn.
✔✔What is an offeree? - ✔✔Person to whom the offer is made and whom now has the
power of acceptance.
✔✔What is an offerer? - ✔✔Person who makes the offer and now has the power to
control the offer.
✔✔In the context of contract law, which of the following scenarios is an example of an
illusory promise? - ✔✔Phyllis promises to bake cookies for the office party, but only if
she feels like it on the day of the event.
✔✔No, one cannot promise to "give up" something that he/she does not have the legal
right to do and it be consideration for a legally binding contract. - ✔✔Is a contract
formed if the promisee offers the promisor $ in the exchange for the promisee
withholding to engage in behavior that is not his legal right to do. (I will give you $100, if
you refrain from stealing from your mom.)
✔✔Yes, because the company is paying a bargained-for, valuable amount to rent the
office space. - ✔✔A company is negotiating a contract to lease an office space in a
prestigious downtown building. The standard market rate for similar office spaces in the
area is $5,000 per month. However, due to a long-standing business relationship, the
company secured the lease for only $3,000 per month. The previous year, the company
had leased the same office space for $2,500 per month. Does adequate consideration
support the contract for the office space lease?
✔✔No, it is an invitation because no performance is promised in return for something
requested. - ✔✔You place an ad in the Newspaper as follows:
"For sale, one-acre plot off County Road 7, $5,000 minimum bid."
Would this advertisement be considered an offer?
✔✔No, because this is a gratuitous promise - ✔✔Aaron is at dinner with his friends.
They order five drinks and are a little intoxicated. While they were joking around,
Aaron's friends promise to buy him new shoes if he gets all As this semester. They
shake on the offer. Aaron works really hard in the semester and gets all As. When he
sees his friends again, he demands that they buy him new shoes. The friends refuse. If
Aaron sues his friends, is he likely to win?
✔✔No, because the man did not know of the reward offer at the time he returned the
wallet. - ✔✔When a woman's wallet went missing, she posted a missing flier on
Facebook. The flier offered a $50 reward for anyone who returned her wallet with all the
cash back to her. The next day, a man was in a Walmart parking lot and noticed the
✔✔"Conclusion" means what? - ✔✔The outcome of the courts ruling.
Includes damages.
✔✔What should you reformulate in the conclusion? - ✔✔You should reformulate the
issue by answering it in the conclusion.
✔✔What is a contract? - ✔✔Agreement between parties, creating mutual obligations
that are enforceable by law.
✔✔What three things must a contract have? - ✔✔1) Offer
2) Consideration
3) Acceptance
✔✔Bilateral Contract - ✔✔Seeks acceptance by return promise.
✔✔Unilateral Contract - ✔✔Seeks acceptance by a return performance.
✔✔Illusory Promise - ✔✔A promise that is unenforceable due to indefiniteness or lack
of mutuality, where only one side is bound to perform.
✔✔Joe asked Harry for a ride to the airport. Harry agreed and was happy to help his
friend. Joe said he would treat Harry to coffee next week as a thank-you for the ride.
That next week Joe called Harry and told him that he was too tired from traveling and
wouldn't treat him to a coffee after all. What would a court likely decide? - ✔✔Joe and
Harry did not have a valid contract since consideration is based on a past event
✔✔Offer - ✔✔A proposal made by one party that he/she is willing to enter a contract.
✔✔Acceptance - ✔✔Unqualified agreement by the offeree to be bound by the offer is
known as
, ✔✔Which is a falce statement about a unilateral offer? - ✔✔An offer that cannot be
withdrawn.
✔✔What is an offeree? - ✔✔Person to whom the offer is made and whom now has the
power of acceptance.
✔✔What is an offerer? - ✔✔Person who makes the offer and now has the power to
control the offer.
✔✔In the context of contract law, which of the following scenarios is an example of an
illusory promise? - ✔✔Phyllis promises to bake cookies for the office party, but only if
she feels like it on the day of the event.
✔✔No, one cannot promise to "give up" something that he/she does not have the legal
right to do and it be consideration for a legally binding contract. - ✔✔Is a contract
formed if the promisee offers the promisor $ in the exchange for the promisee
withholding to engage in behavior that is not his legal right to do. (I will give you $100, if
you refrain from stealing from your mom.)
✔✔Yes, because the company is paying a bargained-for, valuable amount to rent the
office space. - ✔✔A company is negotiating a contract to lease an office space in a
prestigious downtown building. The standard market rate for similar office spaces in the
area is $5,000 per month. However, due to a long-standing business relationship, the
company secured the lease for only $3,000 per month. The previous year, the company
had leased the same office space for $2,500 per month. Does adequate consideration
support the contract for the office space lease?
✔✔No, it is an invitation because no performance is promised in return for something
requested. - ✔✔You place an ad in the Newspaper as follows:
"For sale, one-acre plot off County Road 7, $5,000 minimum bid."
Would this advertisement be considered an offer?
✔✔No, because this is a gratuitous promise - ✔✔Aaron is at dinner with his friends.
They order five drinks and are a little intoxicated. While they were joking around,
Aaron's friends promise to buy him new shoes if he gets all As this semester. They
shake on the offer. Aaron works really hard in the semester and gets all As. When he
sees his friends again, he demands that they buy him new shoes. The friends refuse. If
Aaron sues his friends, is he likely to win?
✔✔No, because the man did not know of the reward offer at the time he returned the
wallet. - ✔✔When a woman's wallet went missing, she posted a missing flier on
Facebook. The flier offered a $50 reward for anyone who returned her wallet with all the
cash back to her. The next day, a man was in a Walmart parking lot and noticed the
