BLAW FINAL EXAM UPDATED Study
Guide QUESTIONS AND CORRECT
ANSWERS
Austin tells Linda, "If you do a good job landscaping my yard this summer I
will pay you a $10,000 bonus." If there IS contract consideration in this scenario
choose TRUE. If NOT then choose FALSE. - CORRECT ANSWERS
False
Danny tells Mike, "I promise to Pay you $5,000 bonus if you promise to
renovate my party barn." Contract consideration TRUE.
If not FALSE - CORRECT ANSWERS True
Uncle Hamer say to Nephew, "Since you quit smoking last month I promise to
pay you $1,000." IS- TRUE. ISNT- False - CORRECT ANSWERS
False
Jack is texting while driving and negligently collides with Jill, destroying her
car and causing her serious injuries. Jack's insurance company tells Jill, "We'll
pay you $500,000 today if you promise not to sue us in any court over this
accident." IS- True. ISNT- False - CORRECT ANSWERS True
Justin contracts to paint Alan's house next week for $5,000. Before Justin gets
started Sam offers Justin $10,000 if Justin will paint Sam's house next week.
Justin would really rather work for Alan, but he can't pass up the extra money
Sam is offering. Because Alan really wants his house painted next week Justin
makes a new Agreement with Alan in which Justin contracts to paint Alan's
house next week for $10,000. IS- True. ISNT- False - CORRECT ANSWERS
False
, Dexter tells his daughter Caitlyn, "I promise to give you $2,000 for your
birthday next week." IS- TRUE. ISNT- False - CORRECT ANSWERS
False
Rex is unexpectedly detained all summer in Iran as a suspected terrorist. His
next door neighbor Donald cuts Rex's grass all summer since Rex didn't expect
to be gone so long. When Rex is released and comes home in the fall he is
relieved that his neighbor Donald cut his grass for him. Rex says to Donald, "in
return for you cutting my grass all summer I promise to give you $1,500 next
Friday on payday." IS- True. ISNT- False - CORRECT ANSWERS False
Bill pays Jennifer $500 for her bicycle, which Jennifer had received as a gift
from her father. IS- True. ISNT- False - CORRECT ANSWERS True
Pollux watches are the industry standard for quality and style, yet they only cost
Pollux $25 to make. Hunter agrees to buy a watch from Pollux for $2,000. IS-
True. Isn't- False - CORRECT ANSWERS True
Karen tells Bobby, "you loose 20 pounds this summer and I will give you
$1,000." IS- True. ISNT- False - CORRECT ANSWERS True
Lady GagGag signs a contract to perform a concert at the University of
Alabama. She can delegate this contract to Katy Putrid. T/F - CORRECT
ANSWERS False
Punitive damages are the most common remedy for a breach of contract. T/F -
CORRECT ANSWERS False
Privity of Contract means that contracts are private agreements and the parties
therefore have an expectation of privacy concerning their contract. T/F -
CORRECT ANSWERS False
Guide QUESTIONS AND CORRECT
ANSWERS
Austin tells Linda, "If you do a good job landscaping my yard this summer I
will pay you a $10,000 bonus." If there IS contract consideration in this scenario
choose TRUE. If NOT then choose FALSE. - CORRECT ANSWERS
False
Danny tells Mike, "I promise to Pay you $5,000 bonus if you promise to
renovate my party barn." Contract consideration TRUE.
If not FALSE - CORRECT ANSWERS True
Uncle Hamer say to Nephew, "Since you quit smoking last month I promise to
pay you $1,000." IS- TRUE. ISNT- False - CORRECT ANSWERS
False
Jack is texting while driving and negligently collides with Jill, destroying her
car and causing her serious injuries. Jack's insurance company tells Jill, "We'll
pay you $500,000 today if you promise not to sue us in any court over this
accident." IS- True. ISNT- False - CORRECT ANSWERS True
Justin contracts to paint Alan's house next week for $5,000. Before Justin gets
started Sam offers Justin $10,000 if Justin will paint Sam's house next week.
Justin would really rather work for Alan, but he can't pass up the extra money
Sam is offering. Because Alan really wants his house painted next week Justin
makes a new Agreement with Alan in which Justin contracts to paint Alan's
house next week for $10,000. IS- True. ISNT- False - CORRECT ANSWERS
False
, Dexter tells his daughter Caitlyn, "I promise to give you $2,000 for your
birthday next week." IS- TRUE. ISNT- False - CORRECT ANSWERS
False
Rex is unexpectedly detained all summer in Iran as a suspected terrorist. His
next door neighbor Donald cuts Rex's grass all summer since Rex didn't expect
to be gone so long. When Rex is released and comes home in the fall he is
relieved that his neighbor Donald cut his grass for him. Rex says to Donald, "in
return for you cutting my grass all summer I promise to give you $1,500 next
Friday on payday." IS- True. ISNT- False - CORRECT ANSWERS False
Bill pays Jennifer $500 for her bicycle, which Jennifer had received as a gift
from her father. IS- True. ISNT- False - CORRECT ANSWERS True
Pollux watches are the industry standard for quality and style, yet they only cost
Pollux $25 to make. Hunter agrees to buy a watch from Pollux for $2,000. IS-
True. Isn't- False - CORRECT ANSWERS True
Karen tells Bobby, "you loose 20 pounds this summer and I will give you
$1,000." IS- True. ISNT- False - CORRECT ANSWERS True
Lady GagGag signs a contract to perform a concert at the University of
Alabama. She can delegate this contract to Katy Putrid. T/F - CORRECT
ANSWERS False
Punitive damages are the most common remedy for a breach of contract. T/F -
CORRECT ANSWERS False
Privity of Contract means that contracts are private agreements and the parties
therefore have an expectation of privacy concerning their contract. T/F -
CORRECT ANSWERS False
