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JD NEXT EXAM
2026|COMPREHENSIVE Q&A FOR
CERTIFICATION SUCCESS 2026
What is an offeree? - correct-answer -Person to whom the offer is made and
whom now has the power of acceptance.
What is an offerer? - correct-answer -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? - correct-answer -Phyllis promises to bake cookies for the
office party, but only if she feels like it on the day of the event.
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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. - correct-
answer -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. - correct-answer -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. - correct-answer -You place an ad in the Newspaper as follows:
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"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 - correct-answer -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. - correct-answer -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 wallet on the ground and knew it belonged to the
woman. The man took the wallet to the woman's house and returned it to her.
JD NEXT EXAM
2026|COMPREHENSIVE Q&A FOR
CERTIFICATION SUCCESS 2026
What is an offeree? - correct-answer -Person to whom the offer is made and
whom now has the power of acceptance.
What is an offerer? - correct-answer -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? - correct-answer -Phyllis promises to bake cookies for the
office party, but only if she feels like it on the day of the event.
,2|Page
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. - correct-
answer -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. - correct-answer -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. - correct-answer -You place an ad in the Newspaper as follows:
, 3|Page
"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 - correct-answer -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. - correct-answer -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 wallet on the ground and knew it belonged to the
woman. The man took the wallet to the woman's house and returned it to her.
