BLR 235- Exam #2
The elements of a contract (that is, the contract "formula"): - correct answer
✔K = O + A + C + (leg. + cap.)
Chris gets down on one knee, late at night at O'Flanigans, and decides to
propose to Krystal, his hostess. He just met her. Anyway, he says to Krystal,
"Will you marry me?" Krystal looks at him (pathetically) and says nothing.
She's in shock. Actually, she's insulted. She still says nothing but folds her
arms instead. Chris gets nervous. He knows that this is not a good situation.
He also knows, from his law class that the typical rule about silence is: -
correct answer ✔Silence is ordinarily not considered an acceptance.
Which of the following cases dealt with the issue of intoxication as a defense
to a contract in which one of the parties attempted to state that they did not
have the competence to enter into the agreement because they were "as high
as a Georgia pine": - correct answer ✔Lucy v. Zehmer
A quasi contract may be defined as: - correct answer ✔An implied contract
Rachele offers to sell Allie her collection of rare books. Before Allie even has a
chance to accept, Rachele says, "Sorry, I changed my mind, no deal." This is
an example of: - correct answer ✔A revocation
Which of the following cases dealt with the issue of promissory estoppel and
involved a case from Wisconsin? - correct answer ✔Hoffman v. Red Owl
Stores
If the terms of a written contract are clear and unambiguous, a court may not
consider extrinsic (outside) oral evidence (any evidence not contained in the
, contract itself) when interpreting the document. This is known most closely as:
- correct answer ✔The parol evidence rule
Contracts in the United States are governed by: - correct answer ✔The
common law-unless modified by a statute or a model act such as the UCC
An executory contract is: - correct answer ✔A contract not yet fully
performed
A formal contract requires which of the following? - correct answer ✔It must
be in a special format or be created using a special method
An example of a void contract would be: - correct answer ✔A contract
formed for an illegal purpose
Nicole, a college student, offers to sell her 2010 Toyota Camry, which has
been driven 24,000 miles and has no mechanical problems that she is aware
of, to her friend Jaime for $12,000. Jaime accepts Nicole's offer but has not
yet received the car. This is an example of (choose BEST answer): - correct
answer ✔An express contract
Under the doctrine of quasi contract, a plaintiff may recover in quantum
meruit, a Latin phrase that means: - correct answer ✔"As much as he
deserved"
In order for an offer to be effective, which of the following is NOT necessary? -
correct answer ✔The price requested must be acceptable by an
unreasonable person
The elements of a contract (that is, the contract "formula"): - correct answer
✔K = O + A + C + (leg. + cap.)
Chris gets down on one knee, late at night at O'Flanigans, and decides to
propose to Krystal, his hostess. He just met her. Anyway, he says to Krystal,
"Will you marry me?" Krystal looks at him (pathetically) and says nothing.
She's in shock. Actually, she's insulted. She still says nothing but folds her
arms instead. Chris gets nervous. He knows that this is not a good situation.
He also knows, from his law class that the typical rule about silence is: -
correct answer ✔Silence is ordinarily not considered an acceptance.
Which of the following cases dealt with the issue of intoxication as a defense
to a contract in which one of the parties attempted to state that they did not
have the competence to enter into the agreement because they were "as high
as a Georgia pine": - correct answer ✔Lucy v. Zehmer
A quasi contract may be defined as: - correct answer ✔An implied contract
Rachele offers to sell Allie her collection of rare books. Before Allie even has a
chance to accept, Rachele says, "Sorry, I changed my mind, no deal." This is
an example of: - correct answer ✔A revocation
Which of the following cases dealt with the issue of promissory estoppel and
involved a case from Wisconsin? - correct answer ✔Hoffman v. Red Owl
Stores
If the terms of a written contract are clear and unambiguous, a court may not
consider extrinsic (outside) oral evidence (any evidence not contained in the
, contract itself) when interpreting the document. This is known most closely as:
- correct answer ✔The parol evidence rule
Contracts in the United States are governed by: - correct answer ✔The
common law-unless modified by a statute or a model act such as the UCC
An executory contract is: - correct answer ✔A contract not yet fully
performed
A formal contract requires which of the following? - correct answer ✔It must
be in a special format or be created using a special method
An example of a void contract would be: - correct answer ✔A contract
formed for an illegal purpose
Nicole, a college student, offers to sell her 2010 Toyota Camry, which has
been driven 24,000 miles and has no mechanical problems that she is aware
of, to her friend Jaime for $12,000. Jaime accepts Nicole's offer but has not
yet received the car. This is an example of (choose BEST answer): - correct
answer ✔An express contract
Under the doctrine of quasi contract, a plaintiff may recover in quantum
meruit, a Latin phrase that means: - correct answer ✔"As much as he
deserved"
In order for an offer to be effective, which of the following is NOT necessary? -
correct answer ✔The price requested must be acceptable by an
unreasonable person
