1
CLA1501 Commercial Law 1/Commercial
Law - Test 1 |2025 latest
|COMPREHENSIVE MOST TESTED
QUESTIONS AND VERIFIED SOLUTIONS |
GET IT 100% ACCURATE!!
Vicky asks Walt, a cobbler, to repair a pair of boots. There is no discussion of a
price, and Vicky and Walt do not sign any documents. After the repair, Walt hands
Vicky a bill. With respect to Vicky?s obligation to pay the bill is -
(ANSWER)implied contract
Margaret tells Roy she will give him a new ipad if Roy promises to cut her grass for
a month. Roy promises to do the chores but has not yet begun to do them.
Margaret and Roy have formed a(n) - (ANSWER)bilateral contract
Riley offers to pay Samuel to pick up and file certain legal documents by 4:30 p.m.
this afternoon. Samuel can accept the offer only by completing the task within the
deadline. If he does, Riley and Samuel will have a(n) - (ANSWER)unilateral
contract
Jim offers to buy Mark's used textbook for $60.00. Jim is the - (ANSWER)Offeror
What is not an element of a contract: - (ANSWER)formality
,2
National Grocers, Inc., enters into a contract with Overland Shipping Company for
the delivery of a shipment of fresh produce. If ambiguities appear in the contract,
they will be construed against the - (ANSWER)part who drafted the contract
Stewart has been eyeing Ben's new watch, as he finds it to be very "clean"
looking. He makes an offer to Ben to purchase the watch for $18.00. Ben accepts
the offer. In order for this to be a valid contract, it requires - (ANSWER)a valid
offer and a valid acceptance
Lewis enters into a contract with Thibodaux Taxi to work as a driver. Under the
plain meaning rule, if the contract's writing is clear and unequivocal, the meaning
of the terms must be determined from - (ANSWER)only the document itself
Field Construction, Inc., contracts with M Ranch to build a new barn on M's
property for which M agrees to pay. The elements of this, and any other, contract
include - (ANSWER)legality
Generally, there are few formal requirements to a contract. However, in the state
of Louisiana this type of contract must be in writing - (ANSWER)sale of
immovable property
Rafi offers to sell his sailboat, _Sea Siren_, to Tara for $50,000. Referring to the
prices for similar vessels, Tara says, "I'll pay no more than $40,000." Rafi's offer is
- (ANSWER)terminated
, 3
For a court to determine if a contract has been breached and to give an
appropriate remedy, the offer must include terms that are at least -
(ANSWER)reasonably definite.
Lon says to Misty, "I would like to sell you my sofa." This statement is -
(ANSWER)an invitation to negotiate, not an offer.
For a contact to be considered valid and enforceable, the parties to a deal must -
(ANSWER)manifest their voluntary consent to the same bargain.
An ad for the New Plays Festival asks playwrights to submit their work and "we
might produce it for the world." Oded submits a play with a note that states, "I
accept." Between the Festival and Oded, there is - (ANSWER)none of the choices.
(- a contract to produce Oded's play.
- a contract to negotiate with Oded to produce the play.
-a contract to consider producing Oded's play.)
Fresh Agro Inc. offers to deliver produce to Growers' Market for a certain price.
Fresh's intent to extend an offer is determined by reference to Fresh's -
(ANSWER)words and actions.
Rena asks Sully, "Do you want to pay me to repair your forklift?" This is -
(ANSWER)not an offer, because the terms are not definite.
CLA1501 Commercial Law 1/Commercial
Law - Test 1 |2025 latest
|COMPREHENSIVE MOST TESTED
QUESTIONS AND VERIFIED SOLUTIONS |
GET IT 100% ACCURATE!!
Vicky asks Walt, a cobbler, to repair a pair of boots. There is no discussion of a
price, and Vicky and Walt do not sign any documents. After the repair, Walt hands
Vicky a bill. With respect to Vicky?s obligation to pay the bill is -
(ANSWER)implied contract
Margaret tells Roy she will give him a new ipad if Roy promises to cut her grass for
a month. Roy promises to do the chores but has not yet begun to do them.
Margaret and Roy have formed a(n) - (ANSWER)bilateral contract
Riley offers to pay Samuel to pick up and file certain legal documents by 4:30 p.m.
this afternoon. Samuel can accept the offer only by completing the task within the
deadline. If he does, Riley and Samuel will have a(n) - (ANSWER)unilateral
contract
Jim offers to buy Mark's used textbook for $60.00. Jim is the - (ANSWER)Offeror
What is not an element of a contract: - (ANSWER)formality
,2
National Grocers, Inc., enters into a contract with Overland Shipping Company for
the delivery of a shipment of fresh produce. If ambiguities appear in the contract,
they will be construed against the - (ANSWER)part who drafted the contract
Stewart has been eyeing Ben's new watch, as he finds it to be very "clean"
looking. He makes an offer to Ben to purchase the watch for $18.00. Ben accepts
the offer. In order for this to be a valid contract, it requires - (ANSWER)a valid
offer and a valid acceptance
Lewis enters into a contract with Thibodaux Taxi to work as a driver. Under the
plain meaning rule, if the contract's writing is clear and unequivocal, the meaning
of the terms must be determined from - (ANSWER)only the document itself
Field Construction, Inc., contracts with M Ranch to build a new barn on M's
property for which M agrees to pay. The elements of this, and any other, contract
include - (ANSWER)legality
Generally, there are few formal requirements to a contract. However, in the state
of Louisiana this type of contract must be in writing - (ANSWER)sale of
immovable property
Rafi offers to sell his sailboat, _Sea Siren_, to Tara for $50,000. Referring to the
prices for similar vessels, Tara says, "I'll pay no more than $40,000." Rafi's offer is
- (ANSWER)terminated
, 3
For a court to determine if a contract has been breached and to give an
appropriate remedy, the offer must include terms that are at least -
(ANSWER)reasonably definite.
Lon says to Misty, "I would like to sell you my sofa." This statement is -
(ANSWER)an invitation to negotiate, not an offer.
For a contact to be considered valid and enforceable, the parties to a deal must -
(ANSWER)manifest their voluntary consent to the same bargain.
An ad for the New Plays Festival asks playwrights to submit their work and "we
might produce it for the world." Oded submits a play with a note that states, "I
accept." Between the Festival and Oded, there is - (ANSWER)none of the choices.
(- a contract to produce Oded's play.
- a contract to negotiate with Oded to produce the play.
-a contract to consider producing Oded's play.)
Fresh Agro Inc. offers to deliver produce to Growers' Market for a certain price.
Fresh's intent to extend an offer is determined by reference to Fresh's -
(ANSWER)words and actions.
Rena asks Sully, "Do you want to pay me to repair your forklift?" This is -
(ANSWER)not an offer, because the terms are not definite.
