Law 3220 Clemson Exam 3 – Jahn
Questions and Answers 100% Solved
A contract may be based on a promise not to do something.
(T/F) - ✔✔True
You return a lost dog to its owner. You did not know a reward was being
offered for the dog. You do not have a legal right to the reward.
(T/F) - ✔✔True
You leave your poodle at a new grooming shop and tell them to wash the
dog⎯a $30 service. They do that and also paint the poodle's nails and tie
ribbons in his hair⎯these services are an extra $10. You pay them for the
wash. What about the extra $10 in services?
a. an express contract existed; you must pay the $10
b. an implied contract existed; you must pay the $10
c. a quasi-contract existed; you must pay the $10
d. no contract for these services existed, no extra payment
e. the UCC would hold that no contract existed, so no payment - ✔✔d. no
contract for these services existed, no extra payment
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,Ads are usually considered:
a. invitations for others to submit offers to buy
b. fully binding contracts
c. partially binding contracts
d. express contracts
e. implied contracts - ✔✔a. invitations for others to submit offers to buy
You pay $200 for the right to be the only buyer a seller will deal with for ten
days for a piece of property that is for sale for $250,000. This is:
a. called a terminable contract
b. called an option contract
c. called a revocable contract
d. not a contract because the consideration is not relevant to the value of
the property
e. none of the other choices - ✔✔b. called an option contract
Roberta says "Susan, I will sell you my car for $5,000." Susan says, "I'll
give you $4,500." Roberta says "No." Later Susan calls Roberta and says,
"I have $5,000 and want the car." Roberta:
a. must sell the car for $5,000, since the offer was accepted
b. must sell the car for $5,000 since the offer was accepted in a timely
fashion
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, c. does not have to sell the car due to the counteroffer, which is a rejection
d. does not have to sell the car because her offer was not accepted in a
timely fashion
e. none of the other choices - ✔✔c. does not have to sell the car due to the
counteroffer, which is a rejection
Twenty years after you take this class you are successful and wealthy.
Knowing that this class was the key to your success, you look up your old
professor and send a letter saying, "Because you helped me so much, I am
going to send you a check for $100,000." Later you come to your senses
and do not send the check. Your old professor sues you for the money:
a. you have to pay; there is a valid contract
b. you do not have to pay; the
professor did not send a timely letter of acceptance
c. you do not have to pay; there is a lack of consideration
d. you do not have to pay; promissory estoppel applies
e. you do not have to pay; you were legally insane - ✔✔c. you do not have
to pay; there is a lack of consideration
Uncle Jim tells his niece as she goes off to Creepy U. that if she maintains
a 3.5 average that he will buy her a BMW convertible when she graduates.
At graduation she has a 3.7 GPA and so she wants the BMW convertible.
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
Questions and Answers 100% Solved
A contract may be based on a promise not to do something.
(T/F) - ✔✔True
You return a lost dog to its owner. You did not know a reward was being
offered for the dog. You do not have a legal right to the reward.
(T/F) - ✔✔True
You leave your poodle at a new grooming shop and tell them to wash the
dog⎯a $30 service. They do that and also paint the poodle's nails and tie
ribbons in his hair⎯these services are an extra $10. You pay them for the
wash. What about the extra $10 in services?
a. an express contract existed; you must pay the $10
b. an implied contract existed; you must pay the $10
c. a quasi-contract existed; you must pay the $10
d. no contract for these services existed, no extra payment
e. the UCC would hold that no contract existed, so no payment - ✔✔d. no
contract for these services existed, no extra payment
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
,Ads are usually considered:
a. invitations for others to submit offers to buy
b. fully binding contracts
c. partially binding contracts
d. express contracts
e. implied contracts - ✔✔a. invitations for others to submit offers to buy
You pay $200 for the right to be the only buyer a seller will deal with for ten
days for a piece of property that is for sale for $250,000. This is:
a. called a terminable contract
b. called an option contract
c. called a revocable contract
d. not a contract because the consideration is not relevant to the value of
the property
e. none of the other choices - ✔✔b. called an option contract
Roberta says "Susan, I will sell you my car for $5,000." Susan says, "I'll
give you $4,500." Roberta says "No." Later Susan calls Roberta and says,
"I have $5,000 and want the car." Roberta:
a. must sell the car for $5,000, since the offer was accepted
b. must sell the car for $5,000 since the offer was accepted in a timely
fashion
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, c. does not have to sell the car due to the counteroffer, which is a rejection
d. does not have to sell the car because her offer was not accepted in a
timely fashion
e. none of the other choices - ✔✔c. does not have to sell the car due to the
counteroffer, which is a rejection
Twenty years after you take this class you are successful and wealthy.
Knowing that this class was the key to your success, you look up your old
professor and send a letter saying, "Because you helped me so much, I am
going to send you a check for $100,000." Later you come to your senses
and do not send the check. Your old professor sues you for the money:
a. you have to pay; there is a valid contract
b. you do not have to pay; the
professor did not send a timely letter of acceptance
c. you do not have to pay; there is a lack of consideration
d. you do not have to pay; promissory estoppel applies
e. you do not have to pay; you were legally insane - ✔✔c. you do not have
to pay; there is a lack of consideration
Uncle Jim tells his niece as she goes off to Creepy U. that if she maintains
a 3.5 average that he will buy her a BMW convertible when she graduates.
At graduation she has a 3.7 GPA and so she wants the BMW convertible.
3
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
